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TDS cannot be Adjusted against Tax payable under VDIS, 1997
Case Law Details
- Case Name
- Earnest Business Services Pvt. Ltd., Vs The Commissioner of Income Tax (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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A person seeking to avail the benefit of the Scheme of 1997 Act must strictly satisfy its provisions as held by the Supreme Court in Hemalatha Gargya v/s. CIT 259 ITR 1. The Apex Court held that the person seeking the benefit of the Scheme of 1997 Act is bound to strictly comply with its conditions like any fiscal legislation and equitable considerations can have no place in construing it.
15. Before dealing with the other contentions, it would be appropriate at the very outset to decide/examine whether the tax payable under the Scheme of 1997 Act is the same tax that is payable under ...
