https://www.taxtmi.com/caselaws?id=411525 The court interpreted provisions under the DTVSV Act, determining the amount payable by the Petitioner as 50% of the disputed tax. It held that interest under Section 244A of the Income Tax Act cannot be added to the disputed tax under the DTVSV Scheme. The Designated Authority lacked jurisdiction to include interest in the disputed tax, requiring a fresh determination. The judgment clarified these issues and directed a new assessment of the disputed tax amount. en-us Thu, 26 Aug 2021 00:00:00 +0530 Fri, 27 Aug 2021 08:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411525 The court interpreted provisions under the DTVSV Act, determining the amount payable by the Petitioner as 50% of the disputed tax. It held that interest under Section 244A of the Income Tax Act cannot be added to the disputed tax under the DTVSV Scheme. The Designated Authority lacked jurisdiction to include interest in the disputed tax, requiring a fresh determination. The judgment clarified these issues and directed a new assessment of the disputed tax amount. Case-Laws Income Tax Thu, 26 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411525