1999 (3) TMI 58

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.... July 27, 1998, passed by the Commissioner of Income-tax, Patiala, by which the declaration under the Voluntary Disclosure of Income Scheme, 1997, has been "treated as non-est". A few facts may be noticed. The Government of India had introduced the Voluntary Disclosure of Income Scheme, 1997. Under this scheme a person was entitled to make the declaration of the income by December 31, 1997. The....

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....ng with Rs. 53,000 as interest was actually deposited on March 30, 1998. Thus, according to the respondent, there was a delay of three days. On this account, the declaration made by the petitioner has been treated as non-est. The petitioner claims that the delay had occurred on account of reasons totally beyond her control. Under the circular dated September 3, 1998, the authority has the discreti....

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....with the declaration, interest at the rate of 2 per cent. for every month or "part of a month" had to be made. Still further, it is clear to us that since the declaration could have been made on or before December 31, 1997, the last date for deposit of tax along with interest would expire on March 31, 1998. We may also add that the provisions of a taxing statute are normally construed liberally an....

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....ded by the Board that the period for calculating interest will be 90 days from the date of declaration. If the 90th day happens to be a bank holiday, payment on the 91st day being the next working day would be valid. Thus, it is clear that section 67 does not embody a totally inflexible rule. When things are beyond the control of the citizen, certain moving space is normally allowed. This is preci....