https://www.taxtmi.com/caselaws?id=469092 The Kerala High Court article explains that under Section 23B of the Kerala Finance Act, 2020, the amnesty scheme applies only to arrears that remain outstanding on the date the option is exercised. Liabilities relating to earlier assessment years that had already been settled and attained finality under a prior amnesty scheme cannot be reopened, reworked, or treated as available credit for the later scheme. The credit mechanism in Section 23B(8) operates only against subsisting arrears and does not permit revival of closed liabilities or carry-forward of payments made towards finally settled years. On that basis, the assessing authority's refusal to grant fresh adjustment was upheld. en-us Tue, 23 Jan 2024 00:00:00 +0530 Tue, 02 Jun 2026 12:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469092 The Kerala High Court article explains that under Section 23B of the Kerala Finance Act, 2020, the amnesty scheme applies only to arrears that remain outstanding on the date the option is exercised. Liabilities relating to earlier assessment years that had already been settled and attained finality under a prior amnesty scheme cannot be reopened, reworked, or treated as available credit for the later scheme. The credit mechanism in Section 23B(8) operates only against subsisting arrears and does not permit revival of closed liabilities or carry-forward of payments made towards finally settled years. On that basis, the assessing authority's refusal to grant fresh adjustment was upheld. Case-Laws VAT / Sales Tax Tue, 23 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469092