HEMALATHA GARGYA vs COMMNR. OF INCOME TAX, A.P.

The Supreme Court addressed whether the time limit for payment of tax fixed under Section 67 of the Voluntary Disclosure of Income Scheme, 1997, is extendable. The court noted conflicting interpretations from various High Courts regarding whether the payment period was flexible or inflexible. The core legal issue is the interpretation of statutory timelines within a limited-period disclosure scheme introduced by the Finance Act, 1997.