https://www.taxtmi.com/caselaws?id=163293 An optional fiscal settlement scheme that permits an assessee to resolve pending tax disputes on agreed terms is valid even though it denies refund of excess payment over the amount determined under the scheme. The court reasoned that a person who voluntarily elects to take the benefit of such a concession is bound by its conditions, and that greater legislative latitude applies in fiscal matters. The refund bar was therefore not unconstitutional under Article 14 merely because it may operate harshly in individual cases. Section 6(4) was upheld, the Tribunal's contrary view was set aside, and the Revenue succeeded. en-us Thu, 23 Aug 2007 00:00:00 +0530 Mon, 29 Dec 2014 19:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163293 An optional fiscal settlement scheme that permits an assessee to resolve pending tax disputes on agreed terms is valid even though it denies refund of excess payment over the amount determined under the scheme. The court reasoned that a person who voluntarily elects to take the benefit of such a concession is bound by its conditions, and that greater legislative latitude applies in fiscal matters. The refund bar was therefore not unconstitutional under Article 14 merely because it may operate harshly in individual cases. Section 6(4) was upheld, the Tribunal's contrary view was set aside, and the Revenue succeeded. Case-Laws VAT and Sales Tax Thu, 23 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163293