https://www.taxtmi.com/caselaws?id=275248 The court upheld the order of the Income Tax Settlement Commission, finding the Commission's decision just and proper. The Commission's acceptance of additional undisclosed income at 15% was deemed reasonable, with full cooperation from the respondents. Immunity from prosecution and penalty under Section 245H was granted due to voluntary disclosure. The court affirmed the Commission's thorough examination of reports and adherence to natural justice principles. The request for waiver of interest under Sections 234A and 234C was denied, with interest under Section 234B to be charged until the order date. The petition challenging the Commission's order was dismissed. en-us Fri, 02 Sep 2016 00:00:00 +0530 Tue, 25 Sep 2018 08:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275248 The court upheld the order of the Income Tax Settlement Commission, finding the Commission's decision just and proper. The Commission's acceptance of additional undisclosed income at 15% was deemed reasonable, with full cooperation from the respondents. Immunity from prosecution and penalty under Section 245H was granted due to voluntary disclosure. The court affirmed the Commission's thorough examination of reports and adherence to natural justice principles. The request for waiver of interest under Sections 234A and 234C was denied, with interest under Section 234B to be charged until the order date. The petition challenging the Commission's order was dismissed. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275248