https://www.taxtmi.com/caselaws?id=12045 The court held that the Settlement Commission cannot pass adverse orders against individual partners who were not parties before it. The court reinstated the Settlement Commission's order, except for directions affecting the individual partners, emphasizing the importance of principles of natural justice. Any payments made by the partners pursuant to the order were to be adjusted or refunded by the Revenue. The court concluded that Section 155(1)(c) of the Income-tax Act, allowing for rectification of partners' assessments, does not have retrospective effect in this case. en-us Thu, 14 Nov 2002 00:00:00 +0530 Tue, 16 Feb 2010 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12045 The court held that the Settlement Commission cannot pass adverse orders against individual partners who were not parties before it. The court reinstated the Settlement Commission's order, except for directions affecting the individual partners, emphasizing the importance of principles of natural justice. Any payments made by the partners pursuant to the order were to be adjusted or refunded by the Revenue. The court concluded that Section 155(1)(c) of the Income-tax Act, allowing for rectification of partners' assessments, does not have retrospective effect in this case. Case-Laws Income Tax Thu, 14 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12045