https://www.taxtmi.com/caselaws?id=346069 The court set aside the ITSC's order rejecting the applications of four petitioners under section 245C(1) of the Income-tax Act for failure to disclose the manner of earning undisclosed income. It found no rational basis for differential treatment compared to six other companies in the group. The court directed the ITSC to entertain and proceed with the four petitioners' applications on par with the other companies, emphasizing the need for a rational criterion in decision-making to facilitate early dispute resolution. en-us Wed, 17 May 2017 00:00:00 +0530 Thu, 03 Aug 2017 07:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346069 The court set aside the ITSC's order rejecting the applications of four petitioners under section 245C(1) of the Income-tax Act for failure to disclose the manner of earning undisclosed income. It found no rational basis for differential treatment compared to six other companies in the group. The court directed the ITSC to entertain and proceed with the four petitioners' applications on par with the other companies, emphasizing the need for a rational criterion in decision-making to facilitate early dispute resolution. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346069