A declarant under KVSS, 1998 cannot take a different stand after adjustment in record has been made as per instruction of declarant

RELEVANT PARAGRAPH It necessary follows by implication that the deposits made otherwise under Section 140A of the Act is liable to be adjusted first against the tax due and then towards the interest payable thereon, submits the learned counsel for the petitioner. Learned Standing Counsel, on the other hand, submits that even if Section 140A of the Act is not applicable, the general principle of law is that where part payment has been made against sum due which consists of amount due’ and the ‘interest’, in the absence of any contrary instruction by the person making the payme...