https://www.taxtmi.com/caselaws?id=258136 The Supreme Court upheld the Bombay High Court's decision regarding the interpretation and application of Sections 245HA(1)(iv) and 245HA(3) of the Income Tax Act, 1961 as amended by Finance Act, 2007. The High Court found these provisions violative of Article 14 but did not invalidate them, suggesting a possible reading down of Section 245HA(1)(iv) to avoid unconstitutionality. The Supreme Court declined to interfere, dismissing all appeals by the Union of India. The High Court's recommendations included addressing delays in proceedings and appointing more Settlement Commission Benches for timely disposal of applications, particularly in high-pendency areas like Delhi and Mumbai. en-us Wed, 25 Mar 2015 00:00:00 +0530 Wed, 01 Apr 2015 08:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258136 The Supreme Court upheld the Bombay High Court's decision regarding the interpretation and application of Sections 245HA(1)(iv) and 245HA(3) of the Income Tax Act, 1961 as amended by Finance Act, 2007. The High Court found these provisions violative of Article 14 but did not invalidate them, suggesting a possible reading down of Section 245HA(1)(iv) to avoid unconstitutionality. The Supreme Court declined to interfere, dismissing all appeals by the Union of India. The High Court's recommendations included addressing delays in proceedings and appointing more Settlement Commission Benches for timely disposal of applications, particularly in high-pendency areas like Delhi and Mumbai. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258136