https://www.taxtmi.com/caselaws?id=364012 The High Court upheld the decision of the Settlement Commission to reject the application for settlement for the Assessment Years 1991-92 to 1994-95. The court emphasized the importance of true and full disclosure in settlement proceedings and upheld the principle that applications for settlement should be considered separately for each year. The court found discrepancies in the petitioner's disclosures, particularly regarding the existence of an Association of Persons (AOP) and multiple revisions in disclosed income, leading to the rejection of the settlement application for all Assessment Years. 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 The High Court upheld the decision of the Settlement Commission to reject the application for settlement for the Assessment Years 1991-92 to 1994-95. The court emphasized the importance of true and full disclosure in settlement proceedings and upheld the principle that applications for settlement should be considered separately for each year. The court found discrepancies in the petitioner's disclosures, particularly regarding the existence of an Association of Persons (AOP) and multiple revisions in disclosed income, leading to the rejection of the settlement application for all Assessment Years. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364012