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2003 (3) TMI 117 - SUPREME COURTWhether the respondents are entitled to the benefit of Kar Vivad Samadhan Scheme, 1998 (in short "KVSS")? Held that:- As held by the High Court the letter dated 26-7-1995 "tantamounted to a show cause notice" or was "in the nature of a show cause notice" then there would have been no requirement or need to issue further show cause notices. Pending adjudication, under those show cause notices, the respondents decided to comply with the direction given in the letter of 26-7-1995 and provisionally paid and/or gave bonds/executed bank guarantees. However, for the period 1-9-1995 to 31-1-1998, no show cause notice had been issued till 16th March, 1999. Thus, it is clear that the High Court fell in error in holding that the letter dated 26-7-1995 "tantamounts to a show cause notice" or "was in the nature of a show cause notice". In favour of assessee.
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