https://www.taxtmi.com/caselaws?id=16172 The court upheld the Income-tax Department's recovery of Rs. 3,34,35,490 from a state corporation's bank account for outstanding tax liabilities. While denying the refund request, the court found the recovery legally justified. However, regarding the petitioner's eligibility for the Kar Vivad Samadhan Scheme, 1998, despite prior tax payments, the court ruled in favor of the petitioner. The court determined that specific conditions for payment were not met, entitling the petitioner to benefit from the scheme. Consequently, the court allowed the petitioner to avail of the scheme's benefits, emphasizing the interpretation of the tax arrear definition under the scheme. en-us Wed, 09 Dec 1998 00:00:00 +0530 Tue, 01 Sep 2009 15:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16172 The court upheld the Income-tax Department's recovery of Rs. 3,34,35,490 from a state corporation's bank account for outstanding tax liabilities. While denying the refund request, the court found the recovery legally justified. However, regarding the petitioner's eligibility for the Kar Vivad Samadhan Scheme, 1998, despite prior tax payments, the court ruled in favor of the petitioner. The court determined that specific conditions for payment were not met, entitling the petitioner to benefit from the scheme. Consequently, the court allowed the petitioner to avail of the scheme's benefits, emphasizing the interpretation of the tax arrear definition under the scheme. Case-Laws Income Tax Wed, 09 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16172