2014 (8) TMI 38

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... R. Ashok ORDER (Per Honble Sri Justice Challa Kodandaram Ram) This writ petition has been filed by the petitioner aggrieved by the orders passed by the designated authority under Section 90 of the Kar Vivad Samadhan Scheme (in short KVSS or the Scheme) in adding interest under Section 220 (2) of the Income Tax Act (in short the Act) for the purpose of settlement of the dispute. 2. Th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....9, 1989-90, 1991-92 under Section 220(2) of the Act. The principal contention urged on behalf of the petitioner is that there was no determination of interest payable and in that view of the matter, the interest which has been added under Section 220 (2) of the Act, now while processing the declaration filed by the petitioner under the Scheme is not in order. He would further submit that in the ab....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....gnated authority is within his powers in adding up the interest though not quantified at earlier point of time while processing the application under the Scheme as the levy of interest is terminable to the date of payment, which date in the case of KVSS is 31.03.1998. In the impugned order the interest has been added only upto 31.03.1998 for the purpose of computation and thereafter by giving nece....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... interfere with the demands which have been issued and interest being the natural corollary in terms of the provisions as existing then, we find no infirmity in the orders of the designated authority in including the interest for the period 1988-89, 1989-90 and 1991- 92 while processing the declaration under the Scheme. We make it clear the order passed by the designated authority on 25.02.1999 sh....