https://www.taxtmi.com/caselaws?id=760577 A special settlement statute operating as a self-contained code cannot be expanded by importing powers from the MVAT Act unless the statute expressly permits it, so settlement authorities may not use MVAT refund-adjustment powers to reopen or review settlement orders. Settlement dues must be computed year-wise under the statutory mechanism, and a refund from one financial year cannot be adjusted against liabilities for other years in separate settlement applications. Review under Section 15 requires a genuine error in the settlement order, prejudicial to revenue, supported by an existing refund-adjustment order; in the absence of any prior Section 50 order, review is not validly exercised and the review orders are unsustainable. en-us Wed, 23 Oct 2024 00:00:00 +0530 Thu, 24 Oct 2024 10:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760577 A special settlement statute operating as a self-contained code cannot be expanded by importing powers from the MVAT Act unless the statute expressly permits it, so settlement authorities may not use MVAT refund-adjustment powers to reopen or review settlement orders. Settlement dues must be computed year-wise under the statutory mechanism, and a refund from one financial year cannot be adjusted against liabilities for other years in separate settlement applications. Review under Section 15 requires a genuine error in the settlement order, prejudicial to revenue, supported by an existing refund-adjustment order; in the absence of any prior Section 50 order, review is not validly exercised and the review orders are unsustainable. Case-Laws VAT / Sales Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760577