https://www.taxtmi.com/caselaws?id=797791 Direct Tax Vivad se Vishwas Scheme refunds covered by Form-5 must be processed through consequential orders or refunds within the Central Action Plan deadline where Form-5 was issued by 30 June 2021. The prescribed completion date was 31 July 2021; the Income-tax Act limitation for assessments could not extend this period because neither the Scheme circular nor the Action Plan adopted it. Delayed retention of the refunded amount compensates the taxpayer through interest. Interest at 6% per annum applies from 1 August 2021 until the date the refund was credited. en-us Wed, 19 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797791 Direct Tax Vivad se Vishwas Scheme refunds covered by Form-5 must be processed through consequential orders or refunds within the Central Action Plan deadline where Form-5 was issued by 30 June 2021. The prescribed completion date was 31 July 2021; the Income-tax Act limitation for assessments could not extend this period because neither the Scheme circular nor the Action Plan adopted it. Delayed retention of the refunded amount compensates the taxpayer through interest. Interest at 6% per annum applies from 1 August 2021 until the date the refund was credited. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797791