https://www.taxtmi.com/caselaws?id=46953 The Court ruled in favor of the petitioners, holding that the settlement by the principal noticee under the Kar Vivad Samadhan Scheme absolved the petitioners of penalty liability. The Court emphasized that the actions of the petitioners were intertwined with those of the principal noticee, and thus, the settlement by the principal noticee should also apply to the co-noticees. This decision aligned with the principle that the liability of co-noticees can be affected by the settlement of the main declarant, ultimately relieving the petitioners of penalty in this case. en-us Mon, 03 Nov 2003 00:00:00 +0530 Mon, 26 Jul 2010 11:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46953 The Court ruled in favor of the petitioners, holding that the settlement by the principal noticee under the Kar Vivad Samadhan Scheme absolved the petitioners of penalty liability. The Court emphasized that the actions of the petitioners were intertwined with those of the principal noticee, and thus, the settlement by the principal noticee should also apply to the co-noticees. This decision aligned with the principle that the liability of co-noticees can be affected by the settlement of the main declarant, ultimately relieving the petitioners of penalty in this case. Case-Laws Customs Mon, 03 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46953