https://www.taxtmi.com/caselaws?id=751494 A discharge certificate under the Sabka Viswas (Legacy Dispute Resolution) Scheme, 2019 was held to give immunity only to the applicant who settled the dispute, not to co-noticees in the absence of express scheme language. Section 78A of the Finance Act, 1994 was treated as a penal provision operating prospectively from its insertion date, so it could not be applied for the pre-insertion period. Taking account of family circumstances and the illness of another director, the penalty was reduced, with liability otherwise maintained. en-us Thu, 14 Mar 2024 00:00:00 +0530 Thu, 18 Apr 2024 08:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751494 A discharge certificate under the Sabka Viswas (Legacy Dispute Resolution) Scheme, 2019 was held to give immunity only to the applicant who settled the dispute, not to co-noticees in the absence of express scheme language. Section 78A of the Finance Act, 1994 was treated as a penal provision operating prospectively from its insertion date, so it could not be applied for the pre-insertion period. Taking account of family circumstances and the illness of another director, the penalty was reduced, with liability otherwise maintained. Case-Laws Service Tax Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751494