https://www.taxtmi.com/caselaws?id=344606 The court upheld the Settlement Commission's decision rejecting the petitioner's settlement application under Section 245D(4) of the Income Tax Act, 1961. The court found that the petitioner failed to make true and full disclosures of unaccounted income, with discrepancies in disclosed amounts compared to the department's findings. Affidavits submitted by the petitioner were deemed insufficient and lacking in credibility. Emphasizing limited judicial review over the Commission's orders, the court dismissed the petition, affirming the Commission's decision based on substantial evidence. en-us Tue, 13 Jun 2017 00:00:00 +0530 Wed, 29 Aug 2018 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344606 The court upheld the Settlement Commission's decision rejecting the petitioner's settlement application under Section 245D(4) of the Income Tax Act, 1961. The court found that the petitioner failed to make true and full disclosures of unaccounted income, with discrepancies in disclosed amounts compared to the department's findings. Affidavits submitted by the petitioner were deemed insufficient and lacking in credibility. Emphasizing limited judicial review over the Commission's orders, the court dismissed the petition, affirming the Commission's decision based on substantial evidence. Case-Laws Income Tax Tue, 13 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344606