https://www.taxtmi.com/highlights?id=97644 The Settlement Act is a self-contained code prescribing conditions, methodology and consequences of settlement and does not permit designated authorities to import MVAT Section 50 adjustment powers when determining settlement dues; refunds are not treated as payments in respect of statutory orders and arrears are computed year-wise, so adjusting a 2007-08 refund against a 2008-09 settlement is barred and defeats the scheme. Further, the designated authority must afford a reasonable opportunity to be heard as required by Section 13 provisions and principles of natural justice; the impugned adjustment order was set aside and the refund awarded with interest while the 2008-09 settlement proceeds without that adjustment. en-us Fri, 13 Mar 2026 08:36:46 +0530 Fri, 13 Mar 2026 08:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97644 The Settlement Act is a self-contained code prescribing conditions, methodology and consequences of settlement and does not permit designated authorities to import MVAT Section 50 adjustment powers when determining settlement dues; refunds are not treated as payments in respect of statutory orders and arrears are computed year-wise, so adjusting a 2007-08 refund against a 2008-09 settlement is barred and defeats the scheme. Further, the designated authority must afford a reasonable opportunity to be heard as required by Section 13 provisions and principles of natural justice; the impugned adjustment order was set aside and the refund awarded with interest while the 2008-09 settlement proceeds without that adjustment. Highlights VAT / Sales Tax Fri, 13 Mar 2026 08:36:46 +0530 https://www.taxtmi.com/highlights?id=97644