https://www.taxtmi.com/caselaws?id=783699 After an assessee was admitted to the Karasamadhana Scheme and obtained waiver of interest and penalty on payment of tax arrears, the Karnataka HC held that the revisional authority could not invoke Section 64(1) of the Karnataka Value Added Tax Act, 2003 to reopen the settled assessment. The prior settlement under the statutory waiver scheme was treated as final for scheme purposes, and a later suo motu revision was held to defeat the object of the scheme. The Court characterised such revisional action as arbitrary and unreasonable, making the attempt to unsettle the settlement unsustainable in law. en-us Wed, 19 Nov 2025 00:00:00 +0530 Mon, 22 Dec 2025 07:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783699 After an assessee was admitted to the Karasamadhana Scheme and obtained waiver of interest and penalty on payment of tax arrears, the Karnataka HC held that the revisional authority could not invoke Section 64(1) of the Karnataka Value Added Tax Act, 2003 to reopen the settled assessment. The prior settlement under the statutory waiver scheme was treated as final for scheme purposes, and a later suo motu revision was held to defeat the object of the scheme. The Court characterised such revisional action as arbitrary and unreasonable, making the attempt to unsettle the settlement unsustainable in law. Case-Laws VAT / Sales Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783699