https://www.taxtmi.com/caselaws?id=9581 Under the Voluntary Disclosure Scheme, 1997, payment of tax within three months was a mandatory condition precedent, and default caused the declaration to be treated as never made. The court applied the binding Supreme Court position that the statutory time-limit could not be relaxed because the Scheme itself provided the consequence for non-payment within time. Amounts paid within the prescribed period could be retained against tax liability, but sums paid after expiry of the period were not validly received under the Scheme and had to be refunded. en-us Mon, 13 Jun 2005 00:00:00 +0530 Sat, 27 Jun 2009 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9581 Under the Voluntary Disclosure Scheme, 1997, payment of tax within three months was a mandatory condition precedent, and default caused the declaration to be treated as never made. The court applied the binding Supreme Court position that the statutory time-limit could not be relaxed because the Scheme itself provided the consequence for non-payment within time. Amounts paid within the prescribed period could be retained against tax liability, but sums paid after expiry of the period were not validly received under the Scheme and had to be refunded. Case-Laws Income Tax Mon, 13 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9581