https://www.taxtmi.com/caselaws?id=755244 A beneficial amnesty scheme was construed to extend remission of interest and penalty where the assessee had already discharged the tax component before assessment and the dispute concerned a composite liability of tax, interest and penalty. The demand in the intimation letter could not be treated as a separate bar to relief when, on a conjoint reading of the scheme clauses, it represented only the penal component after tax had been paid. A hyper-technical reading inconsistent with the scheme's object of resolving old disputes was rejected, and the rejection of the application and consequential recovery were held unsustainable; the benefit was to be granted and the recovered amount refunded with statutory interest. en-us Fri, 14 Jun 2024 00:00:00 +0530 Wed, 10 Jul 2024 08:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755244 A beneficial amnesty scheme was construed to extend remission of interest and penalty where the assessee had already discharged the tax component before assessment and the dispute concerned a composite liability of tax, interest and penalty. The demand in the intimation letter could not be treated as a separate bar to relief when, on a conjoint reading of the scheme clauses, it represented only the penal component after tax had been paid. A hyper-technical reading inconsistent with the scheme's object of resolving old disputes was rejected, and the rejection of the application and consequential recovery were held unsustainable; the benefit was to be granted and the recovered amount refunded with statutory interest. Case-Laws VAT and Sales Tax Fri, 14 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755244