https://www.taxtmi.com/caselaws?id=254722 The Court dismissed the petitions challenging the order of the Income Tax Settlement Commission, which rejected settlement applications for certain assessment years based on the definition of 'case' under Section 245A(b) of the Income Tax Act. The Court held that the amended definition of 'case' introduced by the Finance Act 2014 did not apply retrospectively and that the impugned order had to be assessed based on the law in force at the time of filing the application. Consequently, the petitions were dismissed without costs awarded. en-us Tue, 25 Nov 2014 00:00:00 +0530 Mon, 29 Dec 2014 21:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254722 The Court dismissed the petitions challenging the order of the Income Tax Settlement Commission, which rejected settlement applications for certain assessment years based on the definition of 'case' under Section 245A(b) of the Income Tax Act. The Court held that the amended definition of 'case' introduced by the Finance Act 2014 did not apply retrospectively and that the impugned order had to be assessed based on the law in force at the time of filing the application. Consequently, the petitions were dismissed without costs awarded. Case-Laws Income Tax Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254722