https://www.taxtmi.com/caselaws?id=13318 The HC ruled in favor of the petitioner, a banking company, directing the ITSC to admit the settlement applications beyond section 245D(1) of the Income-tax Act, 1961. The Court emphasized the necessity for the Commission to address complexities and factual disclosure comprehensively, restraining the Revenue from further assessment or recovery actions. The judgment underscored the Commission's discretion to entertain applications based on case nature and disclosed materials, ensuring fair consideration of the petitioner's contentions regarding complexity and disclosure. en-us Wed, 14 Feb 2007 00:00:00 +0530 Wed, 21 Feb 2024 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13318 The HC ruled in favor of the petitioner, a banking company, directing the ITSC to admit the settlement applications beyond section 245D(1) of the Income-tax Act, 1961. The Court emphasized the necessity for the Commission to address complexities and factual disclosure comprehensively, restraining the Revenue from further assessment or recovery actions. The judgment underscored the Commission's discretion to entertain applications based on case nature and disclosed materials, ensuring fair consideration of the petitioner's contentions regarding complexity and disclosure. Case-Laws Income Tax Wed, 14 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13318