Tax clearance certificate process must be prompt and ensure provision for existing tax liabilities to protect revenue. Applications for tax clearance certificates must be processed within a week, using information in the applications to secure tax liabilities. Existing liability includes both ascertained liabilities and liabilities that have accrued but are yet to be quantified; applicants must discharge ascertained liabilities and provide for unquantified ones. Officers must consult the assessing Income-tax Officer and send intimations to assessors and parties before issuing certificates to safeguard revenue.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax clearance certificate process must be prompt and ensure provision for existing tax liabilities to protect revenue.
Applications for tax clearance certificates must be processed within a week, using information in the applications to secure tax liabilities. Existing liability includes both ascertained liabilities and liabilities that have accrued but are yet to be quantified; applicants must discharge ascertained liabilities and provide for unquantified ones. Officers must consult the assessing Income-tax Officer and send intimations to assessors and parties before issuing certificates to safeguard revenue.
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