2000 (4) TMI 30 - HC - Income Tax

Summary

The petitioner challenged the refusal to condone a 16-day delay in paying tax under the Voluntary Disclosure of Income Scheme, 1997. The court dismissed the petition, stating that the reasons for the delay were not substantial enough to warrant an extension, as there is no provision for condonation of delay in the Scheme. The court emphasized the importance of adhering to the time limits set by the Legislature to prevent the scheme from being frustrated by judicial interpretation. The petition was dismissed.