https://www.taxtmi.com/caselaws?id=330362 The High Court upheld the Income Tax Settlement Commission's order accepting the settlement offer from the respondent-assessee for the years 2011-12 to 2013-14. The court found that the Settlement Commission had not erred in allowing the assessees to revise their offers, as the revisions were marginal adjustments made in the spirit of settlement and did not indicate false initial disclosures. The court emphasized the importance of full and true disclosure but concluded that the Settlement Commission had not breached any provisions of the Income Tax Act. The petitions were dismissed, affirming the Settlement Commission's decision. en-us Tue, 12 Jul 2016 00:00:00 +0530 Fri, 03 Feb 2017 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330362 The High Court upheld the Income Tax Settlement Commission's order accepting the settlement offer from the respondent-assessee for the years 2011-12 to 2013-14. The court found that the Settlement Commission had not erred in allowing the assessees to revise their offers, as the revisions were marginal adjustments made in the spirit of settlement and did not indicate false initial disclosures. The court emphasized the importance of full and true disclosure but concluded that the Settlement Commission had not breached any provisions of the Income Tax Act. The petitions were dismissed, affirming the Settlement Commission's decision. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330362