https://www.taxtmi.com/caselaws?id=389980 The Court acknowledged the risk of double taxation if the Settlement Commission's decision in the petitioner's case remained, considering the related party's finalized Settlement Application. To prevent double taxation, the Court decided to re-examine the petitioner's case based on the related party's Settlement Commission orders. Noting a prior successful challenge against the Commission's order, the Court opted to await the final decision in that case before addressing other issues raised. Interfering with the re-assessment notice was deemed premature, emphasizing the need to await the Settlement Commission's decision. The writ petition was closed without costs, pending the related Settlement Application's final outcome. en-us Fri, 09 Aug 2019 00:00:00 +0530 Fri, 20 Dec 2019 11:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389980 The Court acknowledged the risk of double taxation if the Settlement Commission's decision in the petitioner's case remained, considering the related party's finalized Settlement Application. To prevent double taxation, the Court decided to re-examine the petitioner's case based on the related party's Settlement Commission orders. Noting a prior successful challenge against the Commission's order, the Court opted to await the final decision in that case before addressing other issues raised. Interfering with the re-assessment notice was deemed premature, emphasizing the need to await the Settlement Commission's decision. The writ petition was closed without costs, pending the related Settlement Application's final outcome. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389980