On a writ petition the Court held that the assessee was entitled to settle the dispute under the 2016 Scheme. Regarding the tax liability of the assessee for the assessment year 2012-2013 in the declaration filed by the assessee under the 2016 Scheme, there was no impediment in allowing the assessee to adjust the amount paid as “advance tax” and “self-assessment tax” towards tax liability of the assessee under the 2016 Scheme.(AY. 2017-18 )
RJPN Developers. v. PCIT [2024] 162 taxmann.com 569 / (2025) 477 ITR 506 (Mad)(HC)
Income Declaration Scheme 2016 ((2016) 384 ITR (St.) 87)/ (2016) 384 ITR (St.) 1)
S. 183: Declaration under Scheme-Assessee fulfilling Amounts paid as advance tax and on condition prescribed by Scheme Tax payable by assessee self-assessment to be deducted-Directed to give credit of advance tax and self assessment tax. [Art. 226
Leave a Reply