https://www.taxtmi.com/caselaws?id=13810 A voluntary disclosure scheme requiring payment of tax with interest within a prescribed time limit was construed as mandatory, because the scheme expressly stated that noncompliance would render the declaration non est. The court held that the clear statutory timeline left no room to imply a power of condonation or to extend time on equitable grounds, and the explanation for delayed payment was rejected. The declaration therefore could not be treated as valid after belated payment, and strict compliance with the scheme's schedule was required. en-us Mon, 04 Jun 2001 00:00:00 +0530 Fri, 03 Jul 2009 10:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13810 A voluntary disclosure scheme requiring payment of tax with interest within a prescribed time limit was construed as mandatory, because the scheme expressly stated that noncompliance would render the declaration non est. The court held that the clear statutory timeline left no room to imply a power of condonation or to extend time on equitable grounds, and the explanation for delayed payment was rejected. The declaration therefore could not be treated as valid after belated payment, and strict compliance with the scheme's schedule was required. Case-Laws Income Tax Mon, 04 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13810