Normal Tax paid cannot be adjusted against Tax on Income disclosed under IDS

Umesh D. Ganore Vs PCIT (Bombay High Court) Conclusion: Advance tax, self assessed tax and TDS paid prior to filing of declaration, should not be adjusted towards discharge of assessee’s liability to pay tax, surcharge and penalty under the scheme of Income Tax Declaration Scheme, 2016 in absence of any specific provision in the scheme, granting benefit of the self assessed tax or advance tax under the Act. Held: Assessee was an individual. He challenged decision of Revenue­ in not accepting his declaration under Income Tax Declaration Scheme, 2016. The controversy between assessee and ...