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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Rejection of declaration filed under the Income Declaration ...

Income Tax

December 22, 2019

Rejection of declaration filed under the Income Declaration Scheme, 2016 (IDS) - payment of advance claimed to be adjusted - Admittedly, there was no regular assessment for the said year, whereby the said advance tax could have been adjusted. - Therefore, there is no logic or rationale in denying the petitioner credit of this amount while computing the amount payable by him under the IDS

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