https://www.taxtmi.com/caselaws?id=34058 A declaration under the Kar Vivad Samadhan Scheme attains statutory finality once the designated authority passes the settlement order, so the declarant cannot retract merely because the quantified liability is unfavourable. The article also notes that refund adjustment under the Income-tax Act requires prior written intimation before set-off, but no relief follows if the adjustment has already been upheld in revision and that revisional order has not been challenged, giving it finality by merger. en-us Thu, 19 Feb 2009 00:00:00 +0530 Thu, 09 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34058 A declaration under the Kar Vivad Samadhan Scheme attains statutory finality once the designated authority passes the settlement order, so the declarant cannot retract merely because the quantified liability is unfavourable. The article also notes that refund adjustment under the Income-tax Act requires prior written intimation before set-off, but no relief follows if the adjustment has already been upheld in revision and that revisional order has not been challenged, giving it finality by merger. Case-Laws Income Tax Thu, 19 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34058