https://www.taxtmi.com/caselaws?id=212002 The High Court held that the petitioner was not entitled to benefits under the Finance Act, 1997, due to non-compliance with tax payment terms under the Voluntary Disclosure of Income Scheme. However, the court directed the authority to refund or adjust the deposited amount following the Supreme Court's precedent. The decision emphasized strict adherence to statutory requirements for scheme benefits, stressing the mandatory nature of tax payment deadlines and conditions. The judgment highlighted the importance of complying with statutory provisions when seeking benefits under such schemes. en-us Fri, 04 Mar 2011 00:00:00 +0530 Tue, 20 Mar 2012 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212002 The High Court held that the petitioner was not entitled to benefits under the Finance Act, 1997, due to non-compliance with tax payment terms under the Voluntary Disclosure of Income Scheme. However, the court directed the authority to refund or adjust the deposited amount following the Supreme Court's precedent. The decision emphasized strict adherence to statutory requirements for scheme benefits, stressing the mandatory nature of tax payment deadlines and conditions. The judgment highlighted the importance of complying with statutory provisions when seeking benefits under such schemes. Case-Laws Income Tax Fri, 04 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212002