https://www.taxtmi.com/caselaws?id=263529 The High Court held that the Settlement Commission lacked jurisdiction to entertain an application under Section 127B concerning goods covered under Section 123 of the Customs Act, 1962, specifically gold. Despite the respondent's arguments and reliance on prior court decisions, the Court emphasized the statutory bar preventing settlement of cases involving such goods. The Court found the Settlement Commission's decision to be legally incorrect and set it aside, ruling in favor of the Revenue's writ petition. en-us Tue, 25 Aug 2015 00:00:00 +0530 Tue, 13 Oct 2015 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263529 The High Court held that the Settlement Commission lacked jurisdiction to entertain an application under Section 127B concerning goods covered under Section 123 of the Customs Act, 1962, specifically gold. Despite the respondent's arguments and reliance on prior court decisions, the Court emphasized the statutory bar preventing settlement of cases involving such goods. The Court found the Settlement Commission's decision to be legally incorrect and set it aside, ruling in favor of the Revenue's writ petition. Case-Laws Customs Tue, 25 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263529