https://www.taxtmi.com/caselaws?id=216590 The court dismissed the writ petitions, upholding the rejection of declarations under the Voluntary Disclosure of Income Scheme (VDIS) due to delayed tax payment. The authorities' actions in reassessing escaped income under Section 148 of the Income Tax Act, 1961 were deemed valid. The court emphasized the strict and mandatory nature of the three-month time limit for tax payment under VDIS, following the Supreme Court's ruling in Hemalatha Gargya v. CIT. Equitable considerations and judicial discretion were held inapplicable in condoning delays, with the court directing compliance with the statutory provisions without deviation. en-us Mon, 02 Jul 2012 00:00:00 +0530 Sat, 01 Sep 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216590 The court dismissed the writ petitions, upholding the rejection of declarations under the Voluntary Disclosure of Income Scheme (VDIS) due to delayed tax payment. The authorities' actions in reassessing escaped income under Section 148 of the Income Tax Act, 1961 were deemed valid. The court emphasized the strict and mandatory nature of the three-month time limit for tax payment under VDIS, following the Supreme Court's ruling in Hemalatha Gargya v. CIT. Equitable considerations and judicial discretion were held inapplicable in condoning delays, with the court directing compliance with the statutory provisions without deviation. Case-Laws Income Tax Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216590