https://www.taxtmi.com/caselaws?id=269325 The court refrained from making a final decision on the prosecution under Section 276C(1) of the Income Tax Act due to the jurisdictional issues surrounding the Settlement Commission's order. The court acknowledged conflicting interpretations post the 2007 amendment to Section 245D and directed further examination. The prosecution was allowed to continue, but no final decision was reached, granting the petitioners the opportunity to pursue legal remedies. The court emphasized the need for a detailed hearing to resolve the complexities of the Settlement Commission's power in making regular assessments without full disclosure. en-us Fri, 04 Dec 2015 00:00:00 +0530 Tue, 15 Dec 2015 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269325 The court refrained from making a final decision on the prosecution under Section 276C(1) of the Income Tax Act due to the jurisdictional issues surrounding the Settlement Commission's order. The court acknowledged conflicting interpretations post the 2007 amendment to Section 245D and directed further examination. The prosecution was allowed to continue, but no final decision was reached, granting the petitioners the opportunity to pursue legal remedies. The court emphasized the need for a detailed hearing to resolve the complexities of the Settlement Commission's power in making regular assessments without full disclosure. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269325