https://www.taxtmi.com/caselaws?id=416267 The Supreme Court set aside the Income Tax Settlement Commission's order summarily rejecting the settlement application, emphasizing the Commission's duty to ensure a full disclosure of undisclosed income. The Court criticized the Commission for prematurely terminating proceedings without forming a definite opinion, highlighting the importance of considering all evidence provided by the petitioner. The Court found the Commission's decision-making process flawed, directing a fresh decision by the Interim Board due to the Commission's disbandment, stressing the need for expeditious handling of the matter. en-us Fri, 17 Sep 2021 00:00:00 +0530 Tue, 22 Feb 2022 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416267 The Supreme Court set aside the Income Tax Settlement Commission's order summarily rejecting the settlement application, emphasizing the Commission's duty to ensure a full disclosure of undisclosed income. The Court criticized the Commission for prematurely terminating proceedings without forming a definite opinion, highlighting the importance of considering all evidence provided by the petitioner. The Court found the Commission's decision-making process flawed, directing a fresh decision by the Interim Board due to the Commission's disbandment, stressing the need for expeditious handling of the matter. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416267