https://www.taxtmi.com/circulars?id=9906 No power to settle cases is vested in Commissioners under the Income-tax Act; settlement is the remit of the Settlement Commission. Powers under section 273A permit waiver or reduction of penalties and interest only after statutory conditions and Board instructions are satisfied. Assessing officers must decide tax treatment and assessment year on the facts of the file. When evidence of evasion emerges in search or investigation, authorities should gather full material to levy concealment penalties and initiate prosecution under the tax penal provisions. en-us Mon, 10 Dec 1990 00:00:00 +0530 Thu, 09 Jun 2011 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9906 No power to settle cases is vested in Commissioners under the Income-tax Act; settlement is the remit of the Settlement Commission. Powers under section 273A permit waiver or reduction of penalties and interest only after statutory conditions and Board instructions are satisfied. Assessing officers must decide tax treatment and assessment year on the facts of the file. When evidence of evasion emerges in search or investigation, authorities should gather full material to levy concealment penalties and initiate prosecution under the tax penal provisions. Circulars Income Tax Mon, 10 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9906