https://www.taxtmi.com/caselaws?id=762821 Under the One Time Settlement Scheme, assessed and quantified liability was treated as admitted tax rather than disputed tax because the Scheme defines admitted tax as tax admitted in the return but unpaid or short paid, while disputed tax covers tax other than admitted or undisputed tax. The Court held that pending earlier proceedings and deposits described as subject to final outcome did not change the statutory character of an already assessed demand; that language reflected the ordinary principle of lis pendens only. The petitioner's dues were therefore correctly classified as admitted tax, and rejection of the settlement application on the contrary basis was upheld. en-us Wed, 04 Dec 2024 00:00:00 +0530 Mon, 09 Dec 2024 08:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762821 Under the One Time Settlement Scheme, assessed and quantified liability was treated as admitted tax rather than disputed tax because the Scheme defines admitted tax as tax admitted in the return but unpaid or short paid, while disputed tax covers tax other than admitted or undisputed tax. The Court held that pending earlier proceedings and deposits described as subject to final outcome did not change the statutory character of an already assessed demand; that language reflected the ordinary principle of lis pendens only. The petitioner's dues were therefore correctly classified as admitted tax, and rejection of the settlement application on the contrary basis was upheld. Case-Laws VAT / Sales Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762821