Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Commissioners of Income-tax Lack Authority to Settle Cases; Settlement Commission Holds Exclusive Power per Income-tax Act.</h1> The circular clarifies that Commissioners of Income-tax do not have the authority to 'settle' cases, as this power is not conferred by the Income-tax Act or other direct tax laws. Instead, the Settlement Commission is responsible for case settlements. Section 273A allows for waiver or reduction of penalties and interest under specific conditions, but does not equate to settlement powers. Decisions on tax assessments must be based on case facts and withstand scrutiny. In cases of tax evasion, full evidence collection is essential for penalties and prosecution. Income-tax authorities must adhere to these instructions, with accountability for non-compliance.
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