https://www.taxtmi.com/caselaws?id=212694 An amnesty settlement under section 23B of the Kerala General Sales Tax Act, 1963 does not prevent the statutory authorities from completing a regular assessment. The scheme operates on the tax and interest disclosed or admitted at the time of settlement, but where the later assessment shows a higher liability, the earlier settlement cannot operate as a final bar. If the amnesty application is made before assessment is completed, the benefit remains conditional and subject to the eventual assessment outcome. Adjustment under section 55C and consequential demand in regular assessment therefore remain permissible. en-us Thu, 09 Jun 2011 00:00:00 +0530 Mon, 06 Oct 2014 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212694 An amnesty settlement under section 23B of the Kerala General Sales Tax Act, 1963 does not prevent the statutory authorities from completing a regular assessment. The scheme operates on the tax and interest disclosed or admitted at the time of settlement, but where the later assessment shows a higher liability, the earlier settlement cannot operate as a final bar. If the amnesty application is made before assessment is completed, the benefit remains conditional and subject to the eventual assessment outcome. Adjustment under section 55C and consequential demand in regular assessment therefore remain permissible. Case-Laws VAT and Sales Tax Thu, 09 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212694