https://www.taxtmi.com/caselaws?id=327201 Acceptance of an assessee's application under the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2010 and issuance of a settlement certificate under Section 8(1) were treated as bringing finality to the liabilities covered by the scheme. The view that the settlement extended only to tax arrears and not to penalty was rejected as a misconception, because the certificate discharged the assessee from further obligations arising out of the settled arrears. The Tribunal's order was therefore unsustainable, and the settlement was held to cover the penalty consequence linked to the same arrears. en-us Tue, 22 Mar 2016 00:00:00 +0530 Mon, 27 Mar 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327201 Acceptance of an assessee's application under the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2010 and issuance of a settlement certificate under Section 8(1) were treated as bringing finality to the liabilities covered by the scheme. The view that the settlement extended only to tax arrears and not to penalty was rejected as a misconception, because the certificate discharged the assessee from further obligations arising out of the settled arrears. The Tribunal's order was therefore unsustainable, and the settlement was held to cover the penalty consequence linked to the same arrears. Case-Laws VAT and Sales Tax Tue, 22 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327201