SC directed to adjust tax paid on first instalment of IDS in case of rejection of declaration by revenue

IT: SLP dismissed against High Court ruling that where assessee disclosed undisclosed income for a year under Income Declaration Scheme, 2016 and paid first instalment of tax, while notice under section 143(2) had already been issued for scrutiny assessment and, therefore, revenue rejected assessee's application under Disclosure Scheme, revenue was to be directed to adjust amount of tax deposited by assessee

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