https://www.taxtmi.com/highlights?id=55383 Settlement Application under Section 245C - DGIT jurisdiction to issue the SCN - While the DGIT is deemed to be an 'Income Tax Authority' for the purposes of the Act, by virtue of Section 116, the ITSC is a statutory body created under Section 245B of the Act. It is rather unfortunate that a high ranking official as that of DGIT, was ignorant to understand the basic powers vested on him. - The DGIT had shockingly exceeded its powers and therefore, the impugned order cannot be sustained. - HC en-us Tue, 03 Nov 2020 12:11:16 +0530 Tue, 03 Nov 2020 12:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55383 Settlement Application under Section 245C - DGIT jurisdiction to issue the SCN - While the DGIT is deemed to be an 'Income Tax Authority' for the purposes of the Act, by virtue of Section 116, the ITSC is a statutory body created under Section 245B of the Act. It is rather unfortunate that a high ranking official as that of DGIT, was ignorant to understand the basic powers vested on him. - The DGIT had shockingly exceeded its powers and therefore, the impugned order cannot be sustained. - HC Highlights Income Tax Tue, 03 Nov 2020 12:11:16 +0530 https://www.taxtmi.com/highlights?id=55383