TMI Blog2002 (4) TMI 50X X X X Extracts X X X X X X X X Extracts X X X X ..... the Kar Vivad Samadhan Scheme, 1998 (in short "the KVSS"), for the assessment years 1989-90 and 1990-91 was rejected. The brief facts which are necessary to dispose of the writ petition are recapitulated as under: The petitioner, Ivory Mart, along with Indian Handicrafts Emporium and Minor Art Gallery filed a joint writ petition, i.e., C.W. No. 1991 of 1992, before this court with the prayer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ad Samadhan Scheme and the relevant part is extracted as under : "Litigation has been the bane of both direct and indirect taxes. A lot of energy of the Revenue Department is being frittered in pursuing large number of litigations pending at different levels for long periods of time. Considerable revenue also gets locked up in such disputes. Declogging the system will not only incentivise honest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te of filing (iii) Authority of court. ---------------------------------------------------------------------- Against that column, the petitioner mentioned C.W. No. 1991 of 1992 and date of filing as May 25, 1992, in the Delhi High Court. It may be pertinent to point out that in a recent judgment titled Smt. Sushila Rani v. CIT [2002] 253 ITR 775, their Lordships of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the writ petition filed on May 25, 1992 (C.W. No. 1991 of 1992), the petitioners prayed that Explanation (aa) to section 80HHC as introduced by section 28(e)(i) of the Finance (No. 2) Act, 1991, be declared unconstitutional, invalid and non est. The petitioners have also prayed that the respondents be restrained from re-opening the petitioners' assessments for the periods 1986-87, 1987-88, 1988-89 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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