https://www.taxtmi.com/caselaws?id=471416 Kar Vivad Samadhan Scheme settlement certificates are conclusive only for tax arrears expressly covered by them. An interest-only certificate for Assessment Year 1993-94 did not bar a refund arising when a brought-forward loss was later set off, because no income-tax demand had been settled. Conversely, for Assessment Year 1995-96, the certificate expressly settled both income tax and interest; a refund based on a later loss set-off would reduce the settled tax demand and was therefore barred. Statutory finality prevents reassessment or refund only to the extent it reopens matters specifically settled under the Scheme. en-us Sat, 18 Apr 2026 00:00:00 +0530 Wed, 02 Sep 2026 10:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471416 Kar Vivad Samadhan Scheme settlement certificates are conclusive only for tax arrears expressly covered by them. An interest-only certificate for Assessment Year 1993-94 did not bar a refund arising when a brought-forward loss was later set off, because no income-tax demand had been settled. Conversely, for Assessment Year 1995-96, the certificate expressly settled both income tax and interest; a refund based on a later loss set-off would reduce the settled tax demand and was therefore barred. Statutory finality prevents reassessment or refund only to the extent it reopens matters specifically settled under the Scheme. Case-Laws Income Tax Sat, 18 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471416