https://www.taxtmi.com/caselaws?id=418093 HC held that advance tax paid by a declarant under the Income Declaration Scheme, 2016 is entitled to the same credit treatment as TDS; no sustainable distinction exists for credit purposes. The court found Sections 199 and 219 place TDS and advance tax on equal footing and that the Scheme's non obstante clauses do not extinguish the character of advance payments as tax. Petition allowed: respondent must issue Form 4 under Rule 4(5) once scheme requirements are met and must grant credit for advance tax relatable to the declared income. en-us Wed, 02 Feb 2022 00:00:00 +0530 Wed, 01 Oct 2025 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418093 HC held that advance tax paid by a declarant under the Income Declaration Scheme, 2016 is entitled to the same credit treatment as TDS; no sustainable distinction exists for credit purposes. The court found Sections 199 and 219 place TDS and advance tax on equal footing and that the Scheme's non obstante clauses do not extinguish the character of advance payments as tax. Petition allowed: respondent must issue Form 4 under Rule 4(5) once scheme requirements are met and must grant credit for advance tax relatable to the declared income. Case-Laws Income Tax Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418093