https://www.taxtmi.com/caselaws?id=162221 A settlement scheme confined to tax, penalty and interest outstanding and recoverable on 1 April 2001 did not cover deferred tax liability payable only after that date. Reading the scheme with the Deferment Rules, the Court treated "due" as meaning payable and enforceable on the relevant date, not merely an assessed liability whose payment had been postponed. On strict construction, there was no basis to extend the scheme to deferred amounts, and a taxpayer could not keep the benefit of deferment while also claiming settlement of the same liability as arrears. The deferred tax therefore fell outside the definition of arrear under the scheme. en-us Wed, 07 Aug 2002 00:00:00 +0530 Thu, 20 Feb 2014 18:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162221 A settlement scheme confined to tax, penalty and interest outstanding and recoverable on 1 April 2001 did not cover deferred tax liability payable only after that date. Reading the scheme with the Deferment Rules, the Court treated "due" as meaning payable and enforceable on the relevant date, not merely an assessed liability whose payment had been postponed. On strict construction, there was no basis to extend the scheme to deferred amounts, and a taxpayer could not keep the benefit of deferment while also claiming settlement of the same liability as arrears. The deferred tax therefore fell outside the definition of arrear under the scheme. Case-Laws VAT and Sales Tax Wed, 07 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162221