https://www.taxtmi.com/caselaws?id=417546 The Karasamadhana Scheme, 2021 distinguishes between general arrears of penalty and interest arising from completed assessments or reassessments, and specific penalties listed in a separate clause. A reassessment penalty imposed under Section 70(2) read with Section 39 of the KVAT Act, where the reassessment was completed before the scheme cut-off date, is covered by the general waiver provision in Clause 2 rather than the special penalty clause. The absence of tax arrears did not bar relief, and the scheme supported 100% waiver of the penalty where only qualifying penalty and interest arrears existed. en-us Wed, 22 Dec 2021 00:00:00 +0530 Thu, 27 Jan 2022 08:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417546 The Karasamadhana Scheme, 2021 distinguishes between general arrears of penalty and interest arising from completed assessments or reassessments, and specific penalties listed in a separate clause. A reassessment penalty imposed under Section 70(2) read with Section 39 of the KVAT Act, where the reassessment was completed before the scheme cut-off date, is covered by the general waiver provision in Clause 2 rather than the special penalty clause. The absence of tax arrears did not bar relief, and the scheme supported 100% waiver of the penalty where only qualifying penalty and interest arrears existed. Case-Laws VAT and Sales Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417546