TaxTMI 
TaxTMI 
2022 (4) TMI 133
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....er dated 16.12.2019 has imposed tax liability of Rs. 20,45,132/- and penalty of Rs. 22,04,932/- along with interest upon the petitioner. The Government of India in the year 2019 came up with a scheme named Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 by introducing Chapter V in the Finance Act (No.2.), 2019 in order to resolve the pending tax matters before Supreme Court, High Court and Tribunal etc. The petitioner applied for the benefit under the said scheme before the designated committee. The committee consider the petitioner's application under the aforesaid scheme and issued Form no.3 on 21.01.2020 directing the petitioner to pay Rs. 8,18,052/- as Full and Final settlement of his total tax liability Rs. 42,50,064/-. As p....
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.... moto in the case [in Re:cognizance for extension of limitation] and extended the limitation in all types of matters therefore, the impugned demand is liable to be quashed. Shri Prasanna Prasad learned standing counsel for the respondent submits that in the similar issue came up for consideration before the High Court of Madras in Writ Tax No.541/2021 in which the Division Bench vide order dated 11.08.2021 has dismissed the petition thereafter, the petitioner therein approached the apex court by way of SLP(C) No.2070/2022 which has also been dismissed vide order dated 18.02.2022 as the petitioner has failed to deposit the amount within 30 days. It is further submitted that in writ petition no.17252/2021 ( M/S MAYA FAN AIR ENGINEERING PRIVA....
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....as determined by it shall issue electronically a discharge certified under sub Section (8) of Section 127 of the Finance Act, 2019 within 30 days of the payment and submission of proof. Had the petitioners remitted the amount of Rs. 10,30,274/- on 30.06.2020, on an after 31.07.2020 they would have certainly made efforts for procuring a discharge certificate as aforesaid. However, there is absolutely no whisper in the entire petition as regards any effort to that effect having been made by the petitioners. As per the petitioners if they had made the payment they would have certainly insisted upon issuance of the certificate. 10. Though the scheme stood lapsed the petitioners did not pursue the matter further and kept absolutely quite about....