https://www.taxtmi.com/caselaws?id=362917 Settlement applications under Chapter XIX-A of the Income-tax Act cannot be rejected under Section 245D(2C) on a technical objection without proper enquiry into the Revenue's revised stand and the assessee's bona fide explanation. The Court noted that the alleged refund-related omission had already been overlooked in the earlier report, the supplementary objection was raised shortly before hearing, and the Commission did not test either side's case before invalidating the application. The rejection was therefore unsustainable for want of fair and holistic scrutiny, and the matter was remitted for fresh consideration with an opportunity to make good the shortfall in tax and interest. en-us Tue, 19 Jun 2018 00:00:00 +0530 Tue, 13 Nov 2018 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362917 Settlement applications under Chapter XIX-A of the Income-tax Act cannot be rejected under Section 245D(2C) on a technical objection without proper enquiry into the Revenue's revised stand and the assessee's bona fide explanation. The Court noted that the alleged refund-related omission had already been overlooked in the earlier report, the supplementary objection was raised shortly before hearing, and the Commission did not test either side's case before invalidating the application. The rejection was therefore unsustainable for want of fair and holistic scrutiny, and the matter was remitted for fresh consideration with an opportunity to make good the shortfall in tax and interest. Case-Laws Income Tax Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362917