<h1>Income Tax Settlement Commission: Resolving Over 15,000 Disputes Since 1976, Settled 595 Crores in 2010-11.</h1> The Income Tax Settlement Commission, established in 1976 under the recommendation of a high-level committee led by a retired Chief Justice, has resolved over 15,000 tax disputes involving 1.35 lakh proceedings. In 2010-11, the Commission settled income disputes totaling 595 crores, significantly above the declared income of 206 crores. It serves as an Alternative Dispute Resolution body, facilitating settlements through consensus, allowing non-habitual offenders to disclose and settle taxes within 18 months. The Commission's decisions are binding on both the Income Tax Department and taxpayers, with current benches in New Delhi, Mumbai, Kolkata, and Chennai, and plans for expansion.