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    <title>CBDT Releases Order to Waive off Outstanding Tax Demand, Capped at Rs. 1 Lakh per Assessee</title>
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    <description>Order authorizes remission and extinguishment of specified outstanding direct tax demands outstanding as on January 31, 2024, subject to per-entry monetary limits by assessment year and a maximum ceiling per taxpayer; demands above per-entry thresholds and TDS/TCS demands are excluded, fractional entries are not eligible, interest under section 220 is excluded from ceiling computation, and the remission does not confer any right to credit or refund or affect criminal proceedings. Implementation is by CPC Bengaluru with provision for rectification and CBDT directions.</description>
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      <description>Order authorizes remission and extinguishment of specified outstanding direct tax demands outstanding as on January 31, 2024, subject to per-entry monetary limits by assessment year and a maximum ceiling per taxpayer; demands above per-entry thresholds and TDS/TCS demands are excluded, fractional entries are not eligible, interest under section 220 is excluded from ceiling computation, and the remission does not confer any right to credit or refund or affect criminal proceedings. Implementation is by CPC Bengaluru with provision for rectification and CBDT directions.</description>
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