https://www.taxtmi.com/caselaws?id=404309 A deposit made during investigation and before issue of the show cause notice had to be deducted while computing the settlement amount under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2018. Section 124(2) requires credit for amounts paid as pre-deposit or as deposits during enquiry, investigation or audit when determining the amount payable. The Department could not deny credit merely because the payment was recorded under the interest head, since accounting classification could not override the fact of payment or the Scheme's settlement . The assessee was therefore entitled to credit for the deposit in the settlement computation. en-us Wed, 03 Feb 2021 00:00:00 +0530 Thu, 29 Jul 2021 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404309 A deposit made during investigation and before issue of the show cause notice had to be deducted while computing the settlement amount under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2018. Section 124(2) requires credit for amounts paid as pre-deposit or as deposits during enquiry, investigation or audit when determining the amount payable. The Department could not deny credit merely because the payment was recorded under the interest head, since accounting classification could not override the fact of payment or the Scheme's settlement . The assessee was therefore entitled to credit for the deposit in the settlement computation. Case-Laws Service Tax Wed, 03 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404309