https://www.taxtmi.com/caselaws?id=301929 Tax collected on a protective assessment cannot be retained once the corresponding substantive liability for the same income has been settled under the Vivad se Vishwas Scheme. The Madras High Court noted that the revenue may collect only tax due in law and must delete a protective addition when the substantive addition is resolved. It further stated that refund of excess tax paid is not barred by limitation under Section 237 of the Income-tax Act, 1961. On that basis, the excess amount paid for the later year was refundable with statutory interest. en-us Mon, 29 Nov 2021 00:00:00 +0530 Sat, 20 Aug 2022 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301929 Tax collected on a protective assessment cannot be retained once the corresponding substantive liability for the same income has been settled under the Vivad se Vishwas Scheme. The Madras High Court noted that the revenue may collect only tax due in law and must delete a protective addition when the substantive addition is resolved. It further stated that refund of excess tax paid is not barred by limitation under Section 237 of the Income-tax Act, 1961. On that basis, the excess amount paid for the later year was refundable with statutory interest. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301929