https://www.taxtmi.com/caselaws?id=406428 The Court set aside the Settlement Commission's order rejecting the petitioner's application under Section 245D(2C) of the Income Tax Act, finding the application valid. The Court emphasized that discussing income taxability at that stage exceeded the provision's scope and accepted the petitioner's explanation for the delay in approaching the Court, rejecting the revenue's argument of laches. The Court directed the Commission to hear the petitioner on merits promptly, emphasizing the importance of a fair hearing. en-us Tue, 05 Jan 2021 00:00:00 +0530 Tue, 13 Apr 2021 20:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406428 The Court set aside the Settlement Commission's order rejecting the petitioner's application under Section 245D(2C) of the Income Tax Act, finding the application valid. The Court emphasized that discussing income taxability at that stage exceeded the provision's scope and accepted the petitioner's explanation for the delay in approaching the Court, rejecting the revenue's argument of laches. The Court directed the Commission to hear the petitioner on merits promptly, emphasizing the importance of a fair hearing. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406428