https://www.taxtmi.com/caselaws?id=335239 In settlement proceedings, full and true disclosure of income and of the manner in which it was derived remains a continuing jurisdictional requirement through the final stage. The Settlement Commission may re-examine the applications at the stage of final hearing on the basis of material in the Commissioner's reports, including undisclosed turnover, accounting inconsistencies, unverifiable expenses and abnormal profit rates. Earlier permission to proceed does not prevent such review. Judicial review of the Commission's order is limited to legality of process, procedural defect, natural justice, or lack of nexus between reasons and conclusion. The rejection of the settlement applications was upheld and no ground for writ interference was found. en-us Wed, 23 Nov 2016 00:00:00 +0530 Sat, 25 Mar 2017 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335239 In settlement proceedings, full and true disclosure of income and of the manner in which it was derived remains a continuing jurisdictional requirement through the final stage. The Settlement Commission may re-examine the applications at the stage of final hearing on the basis of material in the Commissioner's reports, including undisclosed turnover, accounting inconsistencies, unverifiable expenses and abnormal profit rates. Earlier permission to proceed does not prevent such review. Judicial review of the Commission's order is limited to legality of process, procedural defect, natural justice, or lack of nexus between reasons and conclusion. The rejection of the settlement applications was upheld and no ground for writ interference was found. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335239