https://www.taxtmi.com/caselaws?id=393492 The High Court upheld the order of the Income Tax Settlement Commission under Section 245D of the Income Tax Act, dismissing the petition challenging the order. The court found that the Settlement Commission followed the prescribed procedure, provided adequate hearing opportunities, and considered the additional disclosure by the assessee as marginal compared to the total disclosed amount. The court concluded that the Settlement Commission's decision was legal and proper, in line with relevant precedents, and therefore, declined to interfere with the Commission's order. en-us Mon, 10 Feb 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393492 The High Court upheld the order of the Income Tax Settlement Commission under Section 245D of the Income Tax Act, dismissing the petition challenging the order. The court found that the Settlement Commission followed the prescribed procedure, provided adequate hearing opportunities, and considered the additional disclosure by the assessee as marginal compared to the total disclosed amount. The court concluded that the Settlement Commission's decision was legal and proper, in line with relevant precedents, and therefore, declined to interfere with the Commission's order. Case-Laws Income Tax Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393492