https://www.taxtmi.com/caselaws?id=179307 The Settlement Commission rejected the petitioner's arguments and disallowed the entire amount of purchases from Parshuram Metal Industries (PMI), estimating business income under section 145(2) with lump sum additions for the relevant years. Interest was charged based on the total income computed, penalties were waived, and immunity from prosecution under section 245H was granted, subject to the order being void if obtained through fraud or misrepresentation. en-us Mon, 22 Mar 1993 00:00:00 +0530 Thu, 25 Feb 2016 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179307 The Settlement Commission rejected the petitioner's arguments and disallowed the entire amount of purchases from Parshuram Metal Industries (PMI), estimating business income under section 145(2) with lump sum additions for the relevant years. Interest was charged based on the total income computed, penalties were waived, and immunity from prosecution under section 245H was granted, subject to the order being void if obtained through fraud or misrepresentation. Case-Laws Income Tax Mon, 22 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179307