Declaration-based tax settlement preserves non-refundable payments while excluding merit-based binding effect of scheme orders. The scheme creates a declaration-driven settlement allowing resolution of specified indirect tax disputes by payment of tax, interest and a portion of ... Summary
Declaration-based tax settlement preserves non-refundable payments while excluding merit-based binding effect of scheme orders.
The scheme creates a declaration-driven settlement allowing resolution of specified indirect tax disputes by payment of tax, interest and a portion of penalty; such payments are non-refundable and scheme orders are not to be deemed orders on the merits or binding beyond the scheme, and declarant benefits are limited to those expressly provided within the scheme.
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