https://www.taxtmi.com/caselaws?id=220239 The Supreme Court held that payment of Advance Tax or Tax Deducted at Source (TDS) does not constitute disclosure of income. The Court ruled in favor of the Revenue, stating that the Assessing Officer was justified in assuming that the assessee did not disclose its total income due to the failure to file the return on time. The Court emphasized that Advance Tax is an estimate and does not absolve the obligation to file a return disclosing total income. The appeals were allowed, and costs were awarded to the Revenue. en-us Mon, 14 Jan 2013 00:00:00 +0530 Thu, 13 Aug 2015 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220239 The Supreme Court held that payment of Advance Tax or Tax Deducted at Source (TDS) does not constitute disclosure of income. The Court ruled in favor of the Revenue, stating that the Assessing Officer was justified in assuming that the assessee did not disclose its total income due to the failure to file the return on time. The Court emphasized that Advance Tax is an estimate and does not absolve the obligation to file a return disclosing total income. The appeals were allowed, and costs were awarded to the Revenue. Case-Laws Income Tax Mon, 14 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220239