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2008 (7) TMI 604 - HC - Income TaxApplication for benefit under the Voluntary Disclosure of Income Scheme, 1997, was rejected by the Commissioner of Income-tax - declaration without being accompanied by payment of tax under section 66 of the Finance Act, 1997, the tax with interest should have been paid on or before March 30, 1998. The petitioner admittedly delayed payment by one day, delay in payment under the Voluntary Disclosure of Income Scheme, 1997, will be fatal to the claim - petitioner is rightly held to be not eligible for the Voluntary Disclosure of Income Scheme, 1997, benefit – Held that:- intention of the petitioner for settlement under the Voluntary Disclosure of Income Scheme, 1997, is very clear and the denial of the benefit is only on account of a misunderstanding on his side with regard to the last date on which amount was payable, respondents directed to consider sympathetically the petitioner's claim pursuant to the proceedings initiated under section 148, particularly in regard to the levy of penalty, waiver of interest, etc. The O. P. is disposed of as above
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