https://www.taxtmi.com/caselaws?id=12479 The court rejected the petitioners' challenge to the tax liability determination under the Kar Vivad Samadhan Scheme, 1998, which sought a reduction from 40% to 30%. The court held that the assessment was valid despite search warrants being issued only in the names of two petitioners, as the assessment was based on the search of premises where all petitioners resided. The court clarified that the absence of warrants for all petitioners did not invalidate the assessment, affirming the 40% tax liability and dismissing the challenge on procedural grounds. en-us Tue, 04 Jun 2002 00:00:00 +0530 Thu, 25 Feb 2010 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12479 The court rejected the petitioners' challenge to the tax liability determination under the Kar Vivad Samadhan Scheme, 1998, which sought a reduction from 40% to 30%. The court held that the assessment was valid despite search warrants being issued only in the names of two petitioners, as the assessment was based on the search of premises where all petitioners resided. The court clarified that the absence of warrants for all petitioners did not invalidate the assessment, affirming the 40% tax liability and dismissing the challenge on procedural grounds. Case-Laws Income Tax Tue, 04 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12479