VDIS/KVSS- Schemes have limitations.

Last updated: 22 January 2008

Court :
S C

Brief :
It may be necessary for the aforementioned purpose to bear in mind that the immunity granted pursuant to acceptance of a declaration made under the voluntary taxation scheme or Kar Vivad Samadhan Scheme, 1998 does not lead to a total immunity. Immunity granted under the scheme has its own limitations. The scheme must be applied only in the event the conditions precedent laid down therefor are applicable. It is now well-settled that the Supreme Court does not exercise its jurisdiction only because it is lawful to do so. It, for the purpose of doing complete justice to the parties, not only may or may not interfere with the impugned judgment but also issue directions for the purpose of doing complete justice to the parties in terms of article 142 of the Constitution.

Citation :
Tanna & Modi v. Commissioner of Income-tax, Mumbai XXV CIVIL APPEAL NO. 2696 OF 2007 DECIDED ON MAY 17-5- 2007