Rectification under Finance Act 1994 Section 74 Not Equal to Appeal under Section 86

Goodearth Maritime Limited Vs Designated Committee under Sabka Vishwas Legacy Disputes Resolution (Madras High Court) Introduction: The Madras High Court recently issued a landmark judgment in the case of Goodearth Maritime Limited versus the Designated Committee under the Sabka Vishwas Legacy Dispute Resolution Scheme (SLVDRS). The court’s decision, which centers on the intricacies of tax dispute resolution under the SLVDRS, specifically addresses the distinctions between an application for rectification and an appeal, and its implications on the eligibility criteria under the “ar...