https://www.taxtmi.com/caselaws?id=332556 The court upheld the order of the Income Tax Settlement Commission (ITSC) allowing settlement applications to proceed, finding no conclusive evidence of false information by the applicants. It emphasized that the ITSC's decision was not final and did not cause irreparable loss to the Income Tax Department. The court stressed the Settlement Commission's role in determining the adequacy of income disclosures and highlighted the procedural aspects and jurisdiction of the Commission in dealing with settlement applications. The writ petition was dismissed, directing the Settlement Commission to address all issues raised by the petitioner in accordance with statutory provisions of the Income Tax Act. en-us Tue, 30 Aug 2016 00:00:00 +0530 Tue, 20 Sep 2016 09:24:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332556 The court upheld the order of the Income Tax Settlement Commission (ITSC) allowing settlement applications to proceed, finding no conclusive evidence of false information by the applicants. It emphasized that the ITSC's decision was not final and did not cause irreparable loss to the Income Tax Department. The court stressed the Settlement Commission's role in determining the adequacy of income disclosures and highlighted the procedural aspects and jurisdiction of the Commission in dealing with settlement applications. The writ petition was dismissed, directing the Settlement Commission to address all issues raised by the petitioner in accordance with statutory provisions of the Income Tax Act. Case-Laws Income Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332556