https://www.taxtmi.com/caselaws?id=348350 A Settlement Commission exercising best-judgment powers under Chapter XIXA of the Income-tax Act must still give reasons showing how the quantified addition was derived from the material on record. An unexplained selection of a figure, especially where larger amounts appear in the record, is arbitrary and capricious and can be interfered with in writ jurisdiction under Article 226. The impugned settlement order was therefore unsustainable, and the matter was remanded to the Settlement Commission for fresh consideration. en-us Fri, 15 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348350 A Settlement Commission exercising best-judgment powers under Chapter XIXA of the Income-tax Act must still give reasons showing how the quantified addition was derived from the material on record. An unexplained selection of a figure, especially where larger amounts appear in the record, is arbitrary and capricious and can be interfered with in writ jurisdiction under Article 226. The impugned settlement order was therefore unsustainable, and the matter was remanded to the Settlement Commission for fresh consideration. Case-Laws Income Tax Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348350