https://www.taxtmi.com/caselaws?id=253417 Judicial review of a Settlement Commission order under Article 226 is confined to jurisdictional error, procedural illegality, breach of natural justice, or a decision-making defect, and the High Court cannot reappreciate facts. Additional income offered during settlement at the Commission's instance does not, by itself, negate a full and true disclosure or divest jurisdiction where the assessee does not resile from the original return. The Commission may decline further departmental investigation where the existing material is sufficient, and such refusal is not illegal if the process remains consistent with speedy settlement. Acceptance of the LIFO method for closing stock was also upheld, with no perversity or jurisdictional error shown. en-us Mon, 10 Nov 2014 00:00:00 +0530 Tue, 17 Feb 2015 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253417 Judicial review of a Settlement Commission order under Article 226 is confined to jurisdictional error, procedural illegality, breach of natural justice, or a decision-making defect, and the High Court cannot reappreciate facts. Additional income offered during settlement at the Commission's instance does not, by itself, negate a full and true disclosure or divest jurisdiction where the assessee does not resile from the original return. The Commission may decline further departmental investigation where the existing material is sufficient, and such refusal is not illegal if the process remains consistent with speedy settlement. Acceptance of the LIFO method for closing stock was also upheld, with no perversity or jurisdictional error shown. Case-Laws Income Tax Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253417