https://www.taxtmi.com/caselaws?id=350985 For the Karasamadhana Scheme, 2017, deposits made by dealers during pending appeals or writ petitions had to be credited against tax arrears first, not appropriated first towards interest under Section 42(6) of the Karnataka Value Added Tax Act, 2003. The Scheme operated as a special, beneficial settlement code aimed at closing pending tax disputes, so the ordinary statutory adjustment sequence could not be applied in a way that defeated its object. Rejection of Scheme applications on an interest-first basis was therefore unsustainable, and the arrears had to be recomputed by giving credit to the deposits against tax, then interest and penalty, before extending Scheme benefit. en-us Tue, 14 Nov 2017 00:00:00 +0530 Mon, 05 Nov 2018 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350985 For the Karasamadhana Scheme, 2017, deposits made by dealers during pending appeals or writ petitions had to be credited against tax arrears first, not appropriated first towards interest under Section 42(6) of the Karnataka Value Added Tax Act, 2003. The Scheme operated as a special, beneficial settlement code aimed at closing pending tax disputes, so the ordinary statutory adjustment sequence could not be applied in a way that defeated its object. Rejection of Scheme applications on an interest-first basis was therefore unsustainable, and the arrears had to be recomputed by giving credit to the deposits against tax, then interest and penalty, before extending Scheme benefit. Case-Laws VAT and Sales Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350985