https://www.taxtmi.com/caselaws?id=766192 Under the settlement scheme, the disputed demand had to be computed on the full disputed amount, without first deducting the assessee's pre-deposit before applying the 40% settlement payment and 60% waiver. The Court treated the scheme as beneficial legislation and held that a contrary computation would unfairly place an assessee who had already paid part of the demand in a worse position than one who had paid nothing. The authorities' method was therefore inconsistent with the scheme, making the excess recovery unsustainable. The assessee was entitled to refund of the excess amount with interest. en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766192 Under the settlement scheme, the disputed demand had to be computed on the full disputed amount, without first deducting the assessee's pre-deposit before applying the 40% settlement payment and 60% waiver. The Court treated the scheme as beneficial legislation and held that a contrary computation would unfairly place an assessee who had already paid part of the demand in a worse position than one who had paid nothing. The authorities' method was therefore inconsistent with the scheme, making the excess recovery unsustainable. The assessee was entitled to refund of the excess amount with interest. Case-Laws VAT / Sales Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766192