https://www.taxtmi.com/caselaws?id=784324 Where a declarant under the Income Declaration Scheme, 2016 failed to pay the third instalment and, by virtue of s.197(b) of the Finance Act, 2016, offered the disclosed income to tax in a regular return and paid self-assessment tax, the HC held such payment was inextricably linked to the Scheme liability and, in substance, a payment towards the Scheme, reinforced by CBDT Circular No. 25/2016. The revenue's refusal to give credit and consequent non-issuance of Form-4 was arbitrary and unsustainable; the revenue was directed to treat the self-assessment tax as third-instalment payment, issue Form-4, and give effect under s.188 by reducing the declared income from the relevant assessment year and modifying the assessment and demand accordingly. en-us Tue, 23 Dec 2025 00:00:00 +0530 Fri, 02 Jan 2026 07:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784324 Where a declarant under the Income Declaration Scheme, 2016 failed to pay the third instalment and, by virtue of s.197(b) of the Finance Act, 2016, offered the disclosed income to tax in a regular return and paid self-assessment tax, the HC held such payment was inextricably linked to the Scheme liability and, in substance, a payment towards the Scheme, reinforced by CBDT Circular No. 25/2016. The revenue's refusal to give credit and consequent non-issuance of Form-4 was arbitrary and unsustainable; the revenue was directed to treat the self-assessment tax as third-instalment payment, issue Form-4, and give effect under s.188 by reducing the declared income from the relevant assessment year and modifying the assessment and demand accordingly. Case-Laws Income Tax Tue, 23 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784324