Court Rules Interest Waiver Essential for Amnesty Scheme; Adjusting Tax Payments Towards Interest Violates Scheme's Intent.

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....Amnesty Scheme - Considering the intention of the amnesty scheme, the interest had to be waived in respect of the tax declared under the scheme, and therefore, the action of the respondents in adjusting the tax paid along with the returns towards the interest is completely contrary to the object, purpose and the terms of the scheme - HC....