Tax Arrear - Definition / Legal Terminology - Income Tax

As per Section 89(1)(o) of Chapter IV (The Direct Tax Vivad se Vishwas Scheme, 2024) Finance (No. 2) Act, 2024. Tax Arrear means (i) the aggregate amount of disputed tax, interest chargeable or charged on such disputed tax, and penalty leviable or levied on such disputed tax; or (ii) disputed interest; or (iii) disputed penalty; or (iv) disputed fee.