https://www.taxtmi.com/caselaws?id=365393 The judgment clarified that the Settlement Commission has the authority to rectify orders under Section 154 of the Income Tax Act, focusing on the interpretation of this provision and the applicability of Supreme Court decisions. It emphasized that interest charges under Section 234B should be levied until the Settlement Commission's final order. The decision upheld the Settlement Commission's authority to rectify orders and highlighted the importance of following Supreme Court rulings in tax matters. The judgment reinforced the Commission's power to rectify orders without altering the decision's basis, particularly concerning interest charges. en-us Mon, 06 Aug 2018 00:00:00 +0530 Mon, 01 Oct 2018 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365393 The judgment clarified that the Settlement Commission has the authority to rectify orders under Section 154 of the Income Tax Act, focusing on the interpretation of this provision and the applicability of Supreme Court decisions. It emphasized that interest charges under Section 234B should be levied until the Settlement Commission's final order. The decision upheld the Settlement Commission's authority to rectify orders and highlighted the importance of following Supreme Court rulings in tax matters. The judgment reinforced the Commission's power to rectify orders without altering the decision's basis, particularly concerning interest charges. Case-Laws Income Tax Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365393