https://www.taxtmi.com/caselaws?id=35147 Under the Kar Vivad Samadhan Scheme, 1998, disputed tax is determined by the tax remaining unpaid on the declaration date, and the settlement amount follows that unpaid position rather than a hypothetical recomputation. Where the assessee itself paid by separate challans and specifically earmarked one payment for tax and another for interest under sections 234B and 234C, the ordinary rule of appropriation applied and the department was entitled to act on that specification. The assessee could not later seek re-appropriation of the interest payment towards tax to reduce the scheme liability, and the adjustment already made was upheld. en-us Tue, 08 Dec 2009 00:00:00 +0530 Thu, 03 Jan 2013 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35147 Under the Kar Vivad Samadhan Scheme, 1998, disputed tax is determined by the tax remaining unpaid on the declaration date, and the settlement amount follows that unpaid position rather than a hypothetical recomputation. Where the assessee itself paid by separate challans and specifically earmarked one payment for tax and another for interest under sections 234B and 234C, the ordinary rule of appropriation applied and the department was entitled to act on that specification. The assessee could not later seek re-appropriation of the interest payment towards tax to reduce the scheme liability, and the adjustment already made was upheld. Case-Laws Income Tax Tue, 08 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35147