2000 (2) TMI 82

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s delivered by P. VENKATARAMA REDDI J.---The petitioner filed a declaration under the Voluntary Disclosure of Income Scheme introduced by the Finance Act of 1997, on December 30, 1997, under section 67 of the Act. The petitioner ought to have paid the tax at the latest on March 30, 1998, with interest at the rate of two per cent. for every month or part thereof calculated from the date of filin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....osed. The same was rejected by the impugned order dated October 22, 1999, which reads as follows : "I am directed to refer to your representation dated September 22, 1999, regarding condonation of delay under the Voluntary Disclosure of Income Scheme and to say that the Voluntary Disclosure of Income Scheme certificates can be issued only in those cases where the tax has been paid on/within the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....king the application or claim" gives scope for such doubt. Be that as it may, in the absence of any convincing explanation for non-payment of tax within the period of three months allowed by the scheme, the petitioner cannot be said to have made out any case for extending the statutorily prescribed time limit or for showing any indulgence. Unless there is specific provision for condonation of dela....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....last date for deposit of tax along with interest would expire on March 31, 1998, with great respect, we are unable to agree with that observation which goes plainly contrary to the relevant provisions of the statute, viz., section 67(1) and (2). The further observation that the provisions of taxing statute are to be construed liberally does not accord with the accepted principles of interpretation....