https://www.taxtmi.com/caselaws?id=15670 Interest under section 220(2) of the Income-tax Act, 1961 was treated as part of "tax arrears" for settlement under the Kar Vivad Samadhan Scheme, 1998, because the Scheme covered tax, penalty and interest determined on or before the cut-off date and remaining unpaid. The liability arose automatically on default in payment of the demand notice amount, so it did not depend on a separate adjudicatory order. The amount payable under the Scheme had to be computed strictly under its statutory formula, and the declarant's omission to specifically include the interest in the declaration did not prevent its inclusion. The CBDT clarification was noted as supporting this position. en-us Tue, 31 Aug 1999 00:00:00 +0530 Wed, 26 Aug 2009 17:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15670 Interest under section 220(2) of the Income-tax Act, 1961 was treated as part of "tax arrears" for settlement under the Kar Vivad Samadhan Scheme, 1998, because the Scheme covered tax, penalty and interest determined on or before the cut-off date and remaining unpaid. The liability arose automatically on default in payment of the demand notice amount, so it did not depend on a separate adjudicatory order. The amount payable under the Scheme had to be computed strictly under its statutory formula, and the declarant's omission to specifically include the interest in the declaration did not prevent its inclusion. The CBDT clarification was noted as supporting this position. Case-Laws Income Tax Tue, 31 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15670