https://www.taxtmi.com/caselaws?id=433802 The Court allowed the trust's settlement application before the Income Tax Settlement Commission to proceed despite initial rejection for not fully remitting admitted taxes, as the subsequent payment of the disputed amount was deemed substantial compliance with statutory requirements. The confusion over the credit in the trust's personal deposit account was clarified, leading to the restoration of the application for further consideration. The Court stressed the need for prompt adjudication of the matter and set aside the previous order, disposing of the writ petition without costs. en-us Tue, 11 Oct 2022 00:00:00 +0530 Thu, 22 Jun 2023 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433802 The Court allowed the trust's settlement application before the Income Tax Settlement Commission to proceed despite initial rejection for not fully remitting admitted taxes, as the subsequent payment of the disputed amount was deemed substantial compliance with statutory requirements. The confusion over the credit in the trust's personal deposit account was clarified, leading to the restoration of the application for further consideration. The Court stressed the need for prompt adjudication of the matter and set aside the previous order, disposing of the writ petition without costs. Case-Laws Income Tax Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433802