Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme, 2016

Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme, 2016 https://www.taxtmi.com/circulars?id=55772 The Board declined blanket condonation of delay in payment of the IDS 2016 first instalment for declarant-attributable reasons, emphasising the fixed payment schedule, prior publicity and absence of interest provisions; however, Pr.CIT/CITs are authorised to consider case-by-case condonation where bank transfer failures returned or delayed funds beyond the declarant's control, upon verification with bank evidence and provided the instalment obligations are completed by the final date specified. en-us Tue, 28 Mar 2017 00:00:00 +0530 Fri, 31 Mar 2017 09:48:00 +0530 TaxTMI RSS Generator Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme, 2016 https://www.taxtmi.com/circulars?id=55772 The Board declined blanket condonation of delay in payment of the IDS 2016 first instalment for declarant-attributable reasons, emphasising the fixed payment schedule, prior publicity and absence of interest provisions; however, Pr.CIT/CITs are authorised to consider case-by-case condonation where bank transfer failures returned or delayed funds beyond the declarant's control, upon verification with bank evidence and provided the instalment obligations are completed by the final date specified. Circulars Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55772