Disputed tax definition determines payable tax if pending appeals or panels are resolved against the appellant under the scheme. Definition of Disputed Tax sets the income-tax payable by an appellant for an assessment or financial year under the scheme, calculated for four ... Summary
Disputed tax definition determines payable tax if pending appeals or panels are resolved against the appellant under the scheme.
Definition of Disputed Tax sets the income-tax payable by an appellant for an assessment or financial year under the scheme, calculated for four situations: pending appellate proceedings decided against the appellant; pending objection before the Dispute Resolution Panel if its proposed variation is confirmed; where the Panel has directed but the Assessing Officer has yet to complete assessment, as per the assessment order to be passed; and where a revision application is pending but would be rejected. A proviso allows an option to include or carry forward reductions in tax credit or loss/depreciation.
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