https://www.taxtmi.com/caselaws?id=11660 The Kar Vivad Samadhan Scheme, 1998 was construed to fix the amount payable on tax arrears consisting only of penalty at fifty per cent of the arrear, with no separate liability for interest on that penalty amount. The Calcutta HC held that the departmental clarification adding interest misread the Scheme and was unauthorised. The levy of interest on the penalty arrears was therefore set aside, although interest was still directed from 30 days after the determination order until payment because the assessee had retained the Scheme benefit. en-us Mon, 03 Feb 2003 00:00:00 +0530 Fri, 05 Feb 2010 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11660 The Kar Vivad Samadhan Scheme, 1998 was construed to fix the amount payable on tax arrears consisting only of penalty at fifty per cent of the arrear, with no separate liability for interest on that penalty amount. The Calcutta HC held that the departmental clarification adding interest misread the Scheme and was unauthorised. The levy of interest on the penalty arrears was therefore set aside, although interest was still directed from 30 days after the determination order until payment because the assessee had retained the Scheme benefit. Case-Laws Income Tax Mon, 03 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11660