https://www.taxtmi.com/caselaws?id=356175 Tax arrears shown to exist on the date of declaration under the Kar Vivad Samadhan Scheme can trigger complete waiver of balance interest when the prescribed payment is made. If the Revenue cannot produce a speaking order or other material proving a prior valid adjustment of those arrears under the Income-tax Act, an adverse inference may be drawn against it. On that basis, interest collected outside the scheme is not retainable, and the settlement certificate must be amended to reflect full interest waiver and refund of the amount collected towards interest. en-us Wed, 31 Jan 2018 00:00:00 +0530 Mon, 26 Feb 2018 08:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356175 Tax arrears shown to exist on the date of declaration under the Kar Vivad Samadhan Scheme can trigger complete waiver of balance interest when the prescribed payment is made. If the Revenue cannot produce a speaking order or other material proving a prior valid adjustment of those arrears under the Income-tax Act, an adverse inference may be drawn against it. On that basis, interest collected outside the scheme is not retainable, and the settlement certificate must be amended to reflect full interest waiver and refund of the amount collected towards interest. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356175