https://www.taxtmi.com/caselaws?id=376053 A settlement application under Chapter XIX-A must contain a full and true disclosure of undisclosed income and its derivation before it is maintainable. The Settlement Commission may examine the disclosure at each relevant stage and make adjustments on the material before it, but it cannot treat a later enlarged disclosure as curing an originally defective application. Where the assessee voluntarily discloses additional undisclosed income while the application is pending, that conduct may show that the original disclosure was not full and true. On these facts, the Court held that the application was not maintainable and set aside the Commission's order. en-us Mon, 11 Feb 2019 00:00:00 +0530 Wed, 10 Apr 2019 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376053 A settlement application under Chapter XIX-A must contain a full and true disclosure of undisclosed income and its derivation before it is maintainable. The Settlement Commission may examine the disclosure at each relevant stage and make adjustments on the material before it, but it cannot treat a later enlarged disclosure as curing an originally defective application. Where the assessee voluntarily discloses additional undisclosed income while the application is pending, that conduct may show that the original disclosure was not full and true. On these facts, the Court held that the application was not maintainable and set aside the Commission's order. Case-Laws Income Tax Mon, 11 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376053