https://www.taxtmi.com/caselaws?id=364012 Settlement proceedings require full and true disclosure at the outset, and repeated revisions or inconsistent stands on the existence of an AOP, the quantum of undisclosed income, and its source justify rejection of the application. The Court applied the settled rule that judicial review over the Settlement Commission's order is narrow and interference lies only for mala fides, breach of natural justice, or patent illegality. The finding that the AOP was non-existent was treated as a factual conclusion not shown to be perverse, so the rejection of settlement was upheld and no interference was called for. en-us Tue, 13 Mar 2018 00:00:00 +0530 Thu, 19 Jul 2018 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364012 Settlement proceedings require full and true disclosure at the outset, and repeated revisions or inconsistent stands on the existence of an AOP, the quantum of undisclosed income, and its source justify rejection of the application. The Court applied the settled rule that judicial review over the Settlement Commission's order is narrow and interference lies only for mala fides, breach of natural justice, or patent illegality. The finding that the AOP was non-existent was treated as a factual conclusion not shown to be perverse, so the rejection of settlement was upheld and no interference was called for. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364012