https://www.taxtmi.com/caselaws?id=779302 HC allowed the petition and held that the petitioner was entitled to credit for advance tax (and self-assessment tax) leading to a shortfall previously alleged by the Revenue. In view of similar HC precedents and the Revenue's fair stance, the order rejecting the petitioner's IDS declaration under s.187(3) of the FA Act, the s.148 notice, the assessment order, the s.156 demand notice and the s.270A show-cause notice were quashed and set aside. Remaining tax consequences were remitted consistent with the Court's findings. en-us Tue, 23 Sep 2025 00:00:00 +0530 Fri, 03 Oct 2025 08:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779302 HC allowed the petition and held that the petitioner was entitled to credit for advance tax (and self-assessment tax) leading to a shortfall previously alleged by the Revenue. In view of similar HC precedents and the Revenue's fair stance, the order rejecting the petitioner's IDS declaration under s.187(3) of the FA Act, the s.148 notice, the assessment order, the s.156 demand notice and the s.270A show-cause notice were quashed and set aside. Remaining tax consequences were remitted consistent with the Court's findings. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779302