https://www.taxtmi.com/article/detailed?id=10233 A Budget proposal permits taxpayers to file an Updated Return to declare omitted or misstated income by paying additional tax within a prescribed period from the end of the relevant assessment year, promoting voluntary compliance and avoiding protracted departmental adjudication. Separately, the department will defer filing appeals in cases where the question of law is identical to one pending before the jurisdictional High Court or Supreme Court until that question is decided, reducing repetitive litigation. en-us Wed, 02 Feb 2022 09:21:22 +0530 Wed, 02 Feb 2022 09:21:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10233 A Budget proposal permits taxpayers to file an Updated Return to declare omitted or misstated income by paying additional tax within a prescribed period from the end of the relevant assessment year, promoting voluntary compliance and avoiding protracted departmental adjudication. Separately, the department will defer filing appeals in cases where the question of law is identical to one pending before the jurisdictional High Court or Supreme Court until that question is decided, reducing repetitive litigation. Articles Budget - Tax Proposals Wed, 02 Feb 2022 09:21:22 +0530 https://www.taxtmi.com/article/detailed?id=10233