Taxability of service reward payments affirmed; include rewards in taxable income and apply compulsory deposit and reassessment measures. Reward payments to officers for the Voluntary Disclosure Scheme, 1975 are taxable because no order under section 10(17B) was issued and exemption under section 10(3) did not apply; administrators must include the reward in taxable income, apply the Compulsory Deposit Scheme where liable, initiate reassessment if payment escaped assessment, and pursue appeals or references if appellate decisions are adverse.
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.
Taxability of service reward payments affirmed; include rewards in taxable income and apply compulsory deposit and reassessment measures.
Reward payments to officers for the Voluntary Disclosure Scheme, 1975 are taxable because no order under section 10(17B) was issued and exemption under section 10(3) did not apply; administrators must include the reward in taxable income, apply the Compulsory Deposit Scheme where liable, initiate reassessment if payment escaped assessment, and pursue appeals or references if appellate decisions are adverse.
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