Stay of proceedings in pursuance of certificate and amendment or cancellation thereof - Section 415 ( New) / Section 225 (Old)

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....Tax Recovery Officer (TRO) to stay recovery proceedings where time for payment has been granted. It also provides for stay, amendment or cancellation of the recovery certificate where the outstanding demand is subsequently reduced as a result of appellate or other proceedings under the Act. Section 415(1) - Stay of Recovery Proceedings The Tax Recovery Officer may grant an extension of time ....

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.... has become conclusive. This ensures that recovery proceedings remain consistent with the tax liability as finally determined. Comparative Analysis: Section 225 (Income-tax Act, 1961) vs. Section 415 (Income-tax Act, 2025) Particulars Section 225 (Income-tax Act, 1961) Section 415 (Income-tax Act, 2025) Scope Provides for stay of recovery proceedings and am....

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....mand is stayed where the order is subject to further appeal or proceeding. Recovery of the reduced portion of demand is stayed where the order is subject to further appeal or proceeding. Amendment or cancellation of certificate Certificate may be amended or cancelled where the appellate or other proceedings have attained finality. Certificate may be amended or cancelled whe....