https://www.taxtmi.com/caselaws?id=6801 A declaration under section 68 of the Finance Act, 1965 may remain valid where the declarant uses the alternative mode in clause (iii), namely payment of at least half the tax by the prescribed date with security for the balance and an undertaking to pay later; the payment-period requirement was treated as applying to clause (ii), not clause (iii). The Commissioner should not reject such a disclosure before giving the declarant an opportunity to satisfy clause (iii), and a premature rejection was described as without jurisdiction. Pending actual payment under section 68, the disclosed amount could still be treated as part of total income for section 23A(1), and belated payment was not ordered absent a timely tender or waiver. en-us Tue, 22 Mar 1966 00:00:00 +0530 Mon, 02 Feb 2009 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6801 A declaration under section 68 of the Finance Act, 1965 may remain valid where the declarant uses the alternative mode in clause (iii), namely payment of at least half the tax by the prescribed date with security for the balance and an undertaking to pay later; the payment-period requirement was treated as applying to clause (ii), not clause (iii). The Commissioner should not reject such a disclosure before giving the declarant an opportunity to satisfy clause (iii), and a premature rejection was described as without jurisdiction. Pending actual payment under section 68, the disclosed amount could still be treated as part of total income for section 23A(1), and belated payment was not ordered absent a timely tender or waiver. Case-Laws Income Tax Tue, 22 Mar 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6801