https://www.taxtmi.com/caselaws?id=234749 The court quashed the Settlement Commission's order for allowing an application to proceed without determining its validity under Section 245D(2C). Emphasizing the necessity of true and full income disclosure under Section 245C(1), the court referred to Ajmera Housing Corporation's case. It reiterated that the Commission's jurisdiction hinges on meeting statutory requirements, and it cannot proceed without ensuring compliance. The court set aside the order and instructed the Commission to reconsider while stressing the importance of adhering to statutory prerequisites for valid applications under Section 245C(1). en-us Thu, 13 Jun 2013 00:00:00 +0530 Wed, 20 Aug 2014 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234749 The court quashed the Settlement Commission's order for allowing an application to proceed without determining its validity under Section 245D(2C). Emphasizing the necessity of true and full income disclosure under Section 245C(1), the court referred to Ajmera Housing Corporation's case. It reiterated that the Commission's jurisdiction hinges on meeting statutory requirements, and it cannot proceed without ensuring compliance. The court set aside the order and instructed the Commission to reconsider while stressing the importance of adhering to statutory prerequisites for valid applications under Section 245C(1). Case-Laws Income Tax Thu, 13 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234749