https://www.taxtmi.com/caselaws?id=762673 Karnataka HC allowed petition challenging erroneous interest calculation under Direct Tax Vivad Se Vishwas Act. Court held that Section 3 makes no distinction between waiver of interest on disputed versus undisputed taxes, entitling petitioner to complete interest waiver on assessment orders passed pursuant to search proceedings. Respondent authorities' Forms requiring interest payment were deemed illegal and without jurisdiction. Court directed acceptance of petitioner's Forms 1 and 2 and issuance of fresh Form 3 certificate within four weeks, despite CBDT's September 2024 deadline having passed. en-us Wed, 18 Sep 2024 00:00:00 +0530 Wed, 04 Dec 2024 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762673 Karnataka HC allowed petition challenging erroneous interest calculation under Direct Tax Vivad Se Vishwas Act. Court held that Section 3 makes no distinction between waiver of interest on disputed versus undisputed taxes, entitling petitioner to complete interest waiver on assessment orders passed pursuant to search proceedings. Respondent authorities' Forms requiring interest payment were deemed illegal and without jurisdiction. Court directed acceptance of petitioner's Forms 1 and 2 and issuance of fresh Form 3 certificate within four weeks, despite CBDT's September 2024 deadline having passed. Case-Laws Income Tax Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762673