https://www.taxtmi.com/caselaws?id=340400 A composite settlement application covering multiple assessment years was held, on a prima facie basis, not to require separate disclosure of additional taxable income for each year where larger Special Bench views had already taken that position. In light of that binding Commission precedent, the Bombay HC granted interim protection, restrained the Assessing Officer from issuing notices or starting assessment proceedings under the normal provisions for the relevant years, and recorded the petitioner's undertaking to cooperate if such proceedings later became necessary. The relief operated only pending final hearing of the writ petition challenging rejection of the settlement application. en-us Fri, 10 Mar 2017 00:00:00 +0530 Mon, 20 Mar 2017 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340400 A composite settlement application covering multiple assessment years was held, on a prima facie basis, not to require separate disclosure of additional taxable income for each year where larger Special Bench views had already taken that position. In light of that binding Commission precedent, the Bombay HC granted interim protection, restrained the Assessing Officer from issuing notices or starting assessment proceedings under the normal provisions for the relevant years, and recorded the petitioner's undertaking to cooperate if such proceedings later became necessary. The relief operated only pending final hearing of the writ petition challenging rejection of the settlement application. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340400