https://www.taxtmi.com/caselaws?id=14219 An application under section 256(2) of the Income-tax Act, 1961 was held to have abated because the assessee had availed the Kar Vivad Samadhan Scheme and obtained immunity in respect of the penalty liability. On that basis, the court dismissed the application, treating the settlement and immunity under the scheme as dispositive of the penalty dispute. en-us Mon, 12 Feb 2001 00:00:00 +0530 Tue, 14 Jul 2009 15:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14219 An application under section 256(2) of the Income-tax Act, 1961 was held to have abated because the assessee had availed the Kar Vivad Samadhan Scheme and obtained immunity in respect of the penalty liability. On that basis, the court dismissed the application, treating the settlement and immunity under the scheme as dispositive of the penalty dispute. Case-Laws Income Tax Mon, 12 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14219