https://www.taxtmi.com/caselaws?id=464071 Amounts already paid as advance tax and self-assessment tax for the relevant assessment years had to be credited while computing liability under the Income Declaration Scheme. The refusal to adjust those payments was held unsustainable, because tax paid for the same assessment years could not be ignored in determining the balance payable. On that basis, the assessment order and the consequential demand and penalty notices were quashed, and credit for the earlier payments was directed to be given. en-us Tue, 12 Mar 2024 00:00:00 +0530 Fri, 09 Jan 2026 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464071 Amounts already paid as advance tax and self-assessment tax for the relevant assessment years had to be credited while computing liability under the Income Declaration Scheme. The refusal to adjust those payments was held unsustainable, because tax paid for the same assessment years could not be ignored in determining the balance payable. On that basis, the assessment order and the consequential demand and penalty notices were quashed, and credit for the earlier payments was directed to be given. Case-Laws Income Tax Tue, 12 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464071