https://www.taxtmi.com/caselaws?id=427675 The Karasamadhana Scheme, 2021 was construed as giving a separate 100% waiver of penalty and interest for assessments or reassessments completed on or before the cut-off date under the Karnataka Value Added Tax Act, 2003. Clause 3 was treated as a distinct, additional category limited to the penalties specifically listed there, and could not be used to narrow relief available under Clause 2. The absence of tax arrears did not bar the claim where only penalty arrears arose from completed reassessment orders, and Clause 5.1 was held not to defeat the waiver request. The rejection of the application was unsustainable, and the impugned endorsements were quashed with directions to grant the penalty waiver. en-us Thu, 11 Aug 2022 00:00:00 +0530 Thu, 15 Sep 2022 07:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427675 The Karasamadhana Scheme, 2021 was construed as giving a separate 100% waiver of penalty and interest for assessments or reassessments completed on or before the cut-off date under the Karnataka Value Added Tax Act, 2003. Clause 3 was treated as a distinct, additional category limited to the penalties specifically listed there, and could not be used to narrow relief available under Clause 2. The absence of tax arrears did not bar the claim where only penalty arrears arose from completed reassessment orders, and Clause 5.1 was held not to defeat the waiver request. The rejection of the application was unsustainable, and the impugned endorsements were quashed with directions to grant the penalty waiver. Case-Laws VAT and Sales Tax Thu, 11 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427675