https://www.taxtmi.com/caselaws?id=346131 The High Court held that the department could not tax the same income again in the hands of the present assessee. The finality of the Settlement Commission's conclusions, lack of opposition by the Revenue, and non-challenge to the Settlement Commission's order barred taxing the same income twice. The Court emphasized that if the Revenue believed the income belonged to the assessee and not the Director, objections should have been raised before the Settlement Commission. Consequently, the Court ruled in favor of the assessees, disposing of both Tax Appeals accordingly. en-us Wed, 26 Jul 2017 00:00:00 +0530 Thu, 10 Aug 2017 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346131 The High Court held that the department could not tax the same income again in the hands of the present assessee. The finality of the Settlement Commission's conclusions, lack of opposition by the Revenue, and non-challenge to the Settlement Commission's order barred taxing the same income twice. The Court emphasized that if the Revenue believed the income belonged to the assessee and not the Director, objections should have been raised before the Settlement Commission. Consequently, the Court ruled in favor of the assessees, disposing of both Tax Appeals accordingly. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346131