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2000 (11) TMI 12 - MADRAS HIGH COURTKar Vivad Samadhan Scheme, Recovery Of Tax, Interest On Unpaid Arrears - The submission of the petitioner is that notice having been issued as provided for in rule 119(3) of the Income-tax Rules, 1962, the interest under section 220(2) of the Income-tax Act, 1961, cannot be taken note of for the purpose of determination of the amount payable by the petitioner under the Kar Vivad Samadhan Scheme. - In the case of Rajam Pictures Circuit v. CIT it was held that the levy of interest under section 220(2) of the Income-tax Act is statutory and that no separate order is required. It is also held that the settlement of amount payable under section 88 of the Kar Vivad Samadhan Scheme would also be with reference to interest. Though, rule 119 was not considered in that case, the conclusion drawn therein would still be valid even after consideration of the rule 119. The rule is merely an aid to the statutory provision and is not meant to cut down the scope of the provision or the extent of its applicability.
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