https://www.taxtmi.com/caselaws?id=377555 The Court stayed the implementation of the Settlement Commission's order demanding payment of tax from the Petitioners, pending an expedited hearing on the challenges raised. The Court noted precedents favoring the assessee's position and directed detailed consideration of issues regarding rejection of settlement applications for specific assessment years and the Settlement Commission's authority to entertain objections under section 245 D(4) of the Income Tax Act 1961. The judgment reflects the Court's recognition of the complexity of the issues and the need for further examination in Writ Petition No.704/18 challenging the Settlement Commission's decision. en-us Mon, 25 Mar 2019 00:00:00 +0530 Sat, 30 Mar 2019 09:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377555 The Court stayed the implementation of the Settlement Commission's order demanding payment of tax from the Petitioners, pending an expedited hearing on the challenges raised. The Court noted precedents favoring the assessee's position and directed detailed consideration of issues regarding rejection of settlement applications for specific assessment years and the Settlement Commission's authority to entertain objections under section 245 D(4) of the Income Tax Act 1961. The judgment reflects the Court's recognition of the complexity of the issues and the need for further examination in Writ Petition No.704/18 challenging the Settlement Commission's decision. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377555