Assessee's Revised Income Disclosure u/s 245C(1) Deemed Genuine by Commission, Validating Substantial Settlement Effort.

Assessee's Revised Income Disclosure u/s 245C(1) Deemed Genuine by Commission, Validating Substantial Settlement Effort. https://www.taxtmi.com/highlights?id=51454 Settlement Application u/s 245C(1) - assessee disclosed additional income during the course of settlement - fresh and substantial disclosure or not - it is far greater than the initial disclosure - the Commission was right in considering the revised offer made by the assessee during the course of the proceedings in the nature of spirit of settlement. en-us Mon, 27 Jan 2020 05:33:27 +0530 Mon, 27 Jan 2020 05:33:27 +0530 TaxTMI RSS Generator Assessee's Revised Income Disclosure u/s 245C(1) Deemed Genuine by Commission, Validating Substantial Settlement Effort. https://www.taxtmi.com/highlights?id=51454 Settlement Application u/s 245C(1) - assessee disclosed additional income during the course of settlement - fresh and substantial disclosure or not - it is far greater than the initial disclosure - the Commission was right in considering the revised offer made by the assessee during the course of the proceedings in the nature of spirit of settlement. Highlights Income Tax Mon, 27 Jan 2020 05:33:27 +0530 https://www.taxtmi.com/highlights?id=51454