https://www.taxtmi.com/article/detailed?id=8974 The Bill creates a voluntary settlement by filing a declaration with the designated authority, which must issue a certificate of the amount payable; the declarant must pay within a short period and withdraw appeals, writs or alternative proceedings and furnish proof. Payments follow prescribed reduced percentages depending on whether appeal is by taxpayer or revenue and on search linked assessments; declarations are void if false or conditions breached and orders post payment are not reopenable. Certain cases (major search assessments, prosecutions, offshore undisclosed income, treaty based information assessments) are excluded. en-us Thu, 27 Feb 2020 06:47:39 +0530 Thu, 27 Feb 2020 06:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8974 The Bill creates a voluntary settlement by filing a declaration with the designated authority, which must issue a certificate of the amount payable; the declarant must pay within a short period and withdraw appeals, writs or alternative proceedings and furnish proof. Payments follow prescribed reduced percentages depending on whether appeal is by taxpayer or revenue and on search linked assessments; declarations are void if false or conditions breached and orders post payment are not reopenable. Certain cases (major search assessments, prosecutions, offshore undisclosed income, treaty based information assessments) are excluded. Articles Income Tax Thu, 27 Feb 2020 06:47:39 +0530 https://www.taxtmi.com/article/detailed?id=8974