https://www.taxtmi.com/caselaws?id=375028 The High Court upheld the Settlement Commission's decision to add significant amounts to the appellant's income for the relevant assessment years due to discrepancies in claimed expenses and lack of evidence for transactions with shell companies. The Union of India challenged the Commission's decision, citing insufficient reasoning. The Court found the Commission's order lacking in disclosure of reasoning and remanded the application for fresh consideration, emphasizing the need for a detailed assessment process. The High Court dismissed the appellant's appeals, affirming the Settlement Commission's order. en-us Thu, 31 Jan 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375028 The High Court upheld the Settlement Commission's decision to add significant amounts to the appellant's income for the relevant assessment years due to discrepancies in claimed expenses and lack of evidence for transactions with shell companies. The Union of India challenged the Commission's decision, citing insufficient reasoning. The Court found the Commission's order lacking in disclosure of reasoning and remanded the application for fresh consideration, emphasizing the need for a detailed assessment process. The High Court dismissed the appellant's appeals, affirming the Settlement Commission's order. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375028