https://www.taxtmi.com/caselaws?id=468023 Rule 6E was read purposively so that reversal of a disallowed UEPR amount is not taxed again merely because the reversal occurs in a later year, avoiding double taxation where the earlier disallowance had already been made. The clarification accepted that the timing of reversal need not be confined to the immediately succeeding year, and relief on this point stood in favour of the assessee. Interest under section 234C was also clarified to be computed on returned income, not assessed income, and the computation was directed accordingly in the assessee's favour. en-us Wed, 02 Jul 2025 00:00:00 +0530 Mon, 13 Apr 2026 21:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468023 Rule 6E was read purposively so that reversal of a disallowed UEPR amount is not taxed again merely because the reversal occurs in a later year, avoiding double taxation where the earlier disallowance had already been made. The clarification accepted that the timing of reversal need not be confined to the immediately succeeding year, and relief on this point stood in favour of the assessee. Interest under section 234C was also clarified to be computed on returned income, not assessed income, and the computation was directed accordingly in the assessee's favour. Case-Laws Income Tax Wed, 02 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468023