Tax Demand definition

Tax Demand means any notice, demand, assessment, letter or other document issued (or any return or other document prepared or to be prepared by or on behalf of any Group Company) or other action taken by or on behalf of any person including a Tax Authority indicating that any Group Company or the Buyer has or may have, or will in the future have, a Tax Liability and in respect of which a Tax Claim may be made;

Tax Demand means any Tax Claim under which demand for payment of Tax is made on or adjustment of any Tax refunds claimed by a Person and outstanding as on date of such Tax Claim is demanded from, a Person by any taxing authority (or any combination of the foregoing).

Tax Demand means any:

Examples of Tax Demand in a sentence

• ABC shall be liable to indemnify CWC for any Tax Demand and interest and/or penalty thereon arising due to negligence/fault of ABC.

• SAMO shall be liable to indemnify CWC for any Tax Demand and interest and/or penalty thereon arising due to negligence/fault of SAMO.

• The Collection Fund Adjustment Account records the difference between the amount of council tax income included in the Comprehensive Income and Expenditure Statement and the amount required to be credited to the General Fund by regulation – the Council Tax Demand.

• SAMO shall be liable to indemnify CWC for any Tax Demand and interest and/or penalty thereon arising due to negligence/fault of SAMO.9. Payments made by CWC to SAMO would be subject to Tax Deduction at Source as per the relevant provisions of the Income Tax Act, 1961 and the rules made thereunder.

• SAMO shall be liable to indemnify CWC for any Tax Demand and interest and/or penalty thereon arising due to negligence/fault of SAMO or any cess or levy by any authority in connection with their operations.

More Definitions of Tax Demand

Tax Demand includes any notice, demand, assessment, letter or other document issued (or any return or other document prepared or to be prepared by or on behalf of the Company) or other action taken by or on behalf of any person including a Tax Authority indicating that the Company or the Buyer has or may have, or will in the future have, a Tax Liability and in respect of which a Tax Claim may be made;

Tax Demand has the meaning given to it in clause 5.6(b). Taxing Authority any Governmental Authority having jurisdiction over the assessment, determination, collection, administration or imposition of any Tax.

Tax Demand means (in any jurisdiction): any assessment, notice, letter, determination, demand or other document issued by or on behalf of any Taxation Authority and whether issued or made before or after the date of this Agreement and whether satisfied or not at the date of this Agreement; and any return, amended return, computation, accounts or any other documents required for the purposes of Tax, in any case, from which it appears that: (i) a Tax Liability has been, or may be, imposed on any of the Group Companies; or (ii) an increased or a further payment to a Taxation Authority is required to be made by any of the Group Companies; or (iii) any of the Group Companies is denied or is sought to be denied a Relief;

Tax Demand has the meaning given in paragraph 1 of Part 1 of Schedule 5;

Tax Demand means any notice, demand, assessment, letter, claim or other document or action taken by or on behalf of any Tax Authority, or the submission to a Tax Authority of any self-assessment, notice, letter or other document by or on behalf of the Target, from which it appears that there is or may be a Tax Liability or other liability in respect of which a Tax Claim may be made for which the Founder Sellers are or may be liable (disregarding for this purpose any Financial Limitations); “Tax Liability” means: (a) any liability to make an actual payment or increased payment of, in respect of, or on account of, Tax (whether or not presently payable and whether or not discharged at Completion), in which case the amount of the Tax Liability shall be the amount of the actual payment or the increase in the amount of the payment;

Tax Demand means any claim, assessment, self-assessment, notice, demand, letter or other document issued or any action taken by or on behalf of any Tax Authority or by EIPRL whether before or after the date of this Agreement from which it appears that EIPRL is subject to, or is sought to be made subject to, or might become subject to, any Tax Liability or is denied or is sought to be denied any Relief;

Tax Demand means any assessment (including a self-assessment), notice, demand, letter or other communication or document issued or action taken by or on behalf of any Tax Authority or the submission of any relevant computation, notice, consent or other document by or on behalf of the Company from which (in either case) it appears that a Tax liability is to be, or may come to be, imposed on the Company and which may give rise to a Tax Claim which could give rise to a liability for a Seller (whether or not the same may be the primary liability of the Company and whether or not it may be entitled to claim reimbursement from any other person or persons); and