https://www.taxtmi.com/caselaws?id=12889 The court interpreted the Voluntary Disclosure of Income Scheme, 1997 (VDIS) in a case where the petitioner mistakenly overpaid Rs.3,50,000. Despite the Revenue Department's initial denial citing section 70, which deems tax paid under the Scheme non-refundable, the court directed the refund of the excess amount with 15% interest. The judgment emphasized the Department's obligation to rectify genuine taxpayer mistakes promptly and fairly, ultimately ruling in favor of the petitioner for the refund and interest payment within a specified timeline. en-us Tue, 05 Oct 1999 00:00:00 +0530 Fri, 22 May 2009 17:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12889 The court interpreted the Voluntary Disclosure of Income Scheme, 1997 (VDIS) in a case where the petitioner mistakenly overpaid Rs.3,50,000. Despite the Revenue Department's initial denial citing section 70, which deems tax paid under the Scheme non-refundable, the court directed the refund of the excess amount with 15% interest. The judgment emphasized the Department's obligation to rectify genuine taxpayer mistakes promptly and fairly, ultimately ruling in favor of the petitioner for the refund and interest payment within a specified timeline. Case-Laws Income Tax Tue, 05 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12889