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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Tax Discrepancies Must Be Corrected and Revised Returns Filed Within a Year Under Section 28 of DVAT Act 2004.</h1> Section 28 of the Delhi Value Added Tax Act, 2004, mandates that if a person identifies a discrepancy in a tax return for a specific period, they must correct it and submit a revised return within the following year. If the discrepancy results in underpaid tax, the person must pay the owed tax along with interest. For tax periods from 2008-09 to 2010-11, except certain 2010-11 returns due in 2011-12, revised returns had to be submitted by December 31, 2012. The provision was updated in 2012 to replace a previous four-year correction period.