https://www.taxtmi.com/caselaws?id=249567 The court held that the Commissioner of Income Tax lacked authority to refuse the benefit of the Kar Vivad Samadhan Scheme, 1998, to petitioners seeking waiver of interest under Sections 234-A, 234-B, and 234-C of the Income Tax Act. The court emphasized the Scheme's purpose to resolve disputes by allowing termination of proceedings upon payment of 50% of tax arrears. It set aside the Commissioner's orders and directed the extension of the Scheme's benefit to the petitioners, highlighting the Scheme's aim to provide relief to genuine assessees. en-us Wed, 25 Jun 2014 00:00:00 +0530 Thu, 19 Feb 2015 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249567 The court held that the Commissioner of Income Tax lacked authority to refuse the benefit of the Kar Vivad Samadhan Scheme, 1998, to petitioners seeking waiver of interest under Sections 234-A, 234-B, and 234-C of the Income Tax Act. The court emphasized the Scheme's purpose to resolve disputes by allowing termination of proceedings upon payment of 50% of tax arrears. It set aside the Commissioner's orders and directed the extension of the Scheme's benefit to the petitioners, highlighting the Scheme's aim to provide relief to genuine assessees. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249567