2008 (3) TMI 299

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....and senior standing counsel appearing for the respondents. The petitioner applied for settlement of income- tax liability for the year 1982-83 under the Kar Vivad Samadhan Scheme of 1998. The proceedings issued, vide exhibit P5, show that liability due for 1982-83 was only interest payable under various provisions of the Income- tax Act and the petitioner was allowed to settle the liability by pay....