https://www.taxtmi.com/caselaws?id=345620 The court quashed the intimations refusing to process the petitioners' declarations under the Direct Tax Dispute Resolution Scheme, 2016 for penalties imposed under the Income Tax Act. It directed the authority to process the declarations in accordance with the Amnesty Scheme, requiring the declarants to pay the tax and interest liability under the Income Tax Act for the relevant assessment year. The court emphasized that penalties determined under the Act without assessment proceedings should be covered by the Scheme, disagreeing with the restrictive interpretation provided by the CBDT circulars. en-us Fri, 26 May 2017 00:00:00 +0530 Fri, 15 Sep 2017 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345620 The court quashed the intimations refusing to process the petitioners' declarations under the Direct Tax Dispute Resolution Scheme, 2016 for penalties imposed under the Income Tax Act. It directed the authority to process the declarations in accordance with the Amnesty Scheme, requiring the declarants to pay the tax and interest liability under the Income Tax Act for the relevant assessment year. The court emphasized that penalties determined under the Act without assessment proceedings should be covered by the Scheme, disagreeing with the restrictive interpretation provided by the CBDT circulars. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345620