https://www.taxtmi.com/caselaws?id=33824 The Court dismissed the writ petition challenging the rejection of the settlement application under Section 245D(1) of the Income Tax Act for three assessment years. It held that the Settlement Commission acted within its authority in considering the detailed report of the Assessing Officer along with the Rule 6 report. The Court also ruled that the Income Tax authorities could be given a hearing at the admission stage without causing grave prejudice. The petitioners' argument regarding the complexity of investigation versus complexity of accounts was rejected. Additionally, the Court determined that delayed communication of the order did not impact the applicability of an amended section. en-us Fri, 22 Feb 2008 00:00:00 +0530 Mon, 15 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33824 The Court dismissed the writ petition challenging the rejection of the settlement application under Section 245D(1) of the Income Tax Act for three assessment years. It held that the Settlement Commission acted within its authority in considering the detailed report of the Assessing Officer along with the Rule 6 report. The Court also ruled that the Income Tax authorities could be given a hearing at the admission stage without causing grave prejudice. The petitioners' argument regarding the complexity of investigation versus complexity of accounts was rejected. Additionally, the Court determined that delayed communication of the order did not impact the applicability of an amended section. Case-Laws Income Tax Fri, 22 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33824