https://www.taxtmi.com/caselaws?id=14392 The court dismissed the petition as the petitioner failed to pay tax within the stipulated period under the Voluntary Disclosure Scheme, citing financial difficulties as justification. Emphasizing scheme compliance, the court clarified that delays could not be condoned solely based on financial constraints. Previous court decisions were distinguished, highlighting the need for a valid explanation for delay condonation. The Division Bench upheld scheme requirements, denying automatic leniency for belated filers. While authorities were not obligated to accept the declaration, the Revenue could not retain deposited money without initiating proceedings, allowing for a refund in the absence of ongoing proceedings. en-us Fri, 01 Dec 2000 00:00:00 +0530 Wed, 15 Jul 2009 15:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14392 The court dismissed the petition as the petitioner failed to pay tax within the stipulated period under the Voluntary Disclosure Scheme, citing financial difficulties as justification. Emphasizing scheme compliance, the court clarified that delays could not be condoned solely based on financial constraints. Previous court decisions were distinguished, highlighting the need for a valid explanation for delay condonation. The Division Bench upheld scheme requirements, denying automatic leniency for belated filers. While authorities were not obligated to accept the declaration, the Revenue could not retain deposited money without initiating proceedings, allowing for a refund in the absence of ongoing proceedings. Case-Laws Income Tax Fri, 01 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14392