https://www.taxtmi.com/caselaws?id=362741 The partnership firm's settlement application was dismissed by the Settlement Commission due to abatement and non-payment of tax on disclosed income. The High Court examined the disclosures made by the petitioner, considering the challenge to the validity of Section 245HA of the Income-tax Act, 1961. A dispute arose regarding tax liability and refund adjustment, with the Court emphasizing the application of the Ajmera Housing Corporation judgment. The Court set aside the Commission's order, directing reevaluation of tax adequacy and consideration of previous judgments in the proceedings. en-us Wed, 18 Apr 2018 00:00:00 +0530 Mon, 02 Jul 2018 11:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362741 The partnership firm's settlement application was dismissed by the Settlement Commission due to abatement and non-payment of tax on disclosed income. The High Court examined the disclosures made by the petitioner, considering the challenge to the validity of Section 245HA of the Income-tax Act, 1961. A dispute arose regarding tax liability and refund adjustment, with the Court emphasizing the application of the Ajmera Housing Corporation judgment. The Court set aside the Commission's order, directing reevaluation of tax adequacy and consideration of previous judgments in the proceedings. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362741