https://www.taxtmi.com/caselaws?id=445399 Settlement applications under Chapter XIX-A require full and true disclosure of income, candour about material facts, and compliance with the statutory precondition of paying additional tax with interest. On the seized material, the applicants had disclosed only a fraction of unaccounted professional receipts, claimed unsupported expenses, and omitted relevant facts concerning delay in Section 153A compliance and consultancy receipts from another entity. The Settlement Commission was entitled to rely on the Rule 6 report while testing maintainability under Section 245D(2C), and the rejection of the applications was upheld. en-us Tue, 31 Oct 2023 00:00:00 +0530 Tue, 07 Nov 2023 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445399 Settlement applications under Chapter XIX-A require full and true disclosure of income, candour about material facts, and compliance with the statutory precondition of paying additional tax with interest. On the seized material, the applicants had disclosed only a fraction of unaccounted professional receipts, claimed unsupported expenses, and omitted relevant facts concerning delay in Section 153A compliance and consultancy receipts from another entity. The Settlement Commission was entitled to rely on the Rule 6 report while testing maintainability under Section 245D(2C), and the rejection of the applications was upheld. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445399