https://www.taxtmi.com/caselaws?id=751283 Delhi HC dismissed a writ petition challenging an Income Tax Settlement Commission (ITSC) order. The petitioner argued that the respondent-assessee failed to make full and true disclosure regarding a 20-acre land transaction, vitiating the settlement. The HC held that the respondent had adequately disclosed transaction details, and the dispute concerned the receipt's character, not suppression of facts. The respondent's voluntary surrender of the disputed amount during proceedings constituted proper disclosure. The ITSC's adjudicatory function was exercised correctly within the settlement framework, and judicial review under Article 226 was unwarranted given no procedural errors or manifest legal violations occurred. en-us Tue, 09 Apr 2024 00:00:00 +0530 Fri, 12 Jul 2024 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751283 Delhi HC dismissed a writ petition challenging an Income Tax Settlement Commission (ITSC) order. The petitioner argued that the respondent-assessee failed to make full and true disclosure regarding a 20-acre land transaction, vitiating the settlement. The HC held that the respondent had adequately disclosed transaction details, and the dispute concerned the receipt's character, not suppression of facts. The respondent's voluntary surrender of the disputed amount during proceedings constituted proper disclosure. The ITSC's adjudicatory function was exercised correctly within the settlement framework, and judicial review under Article 226 was unwarranted given no procedural errors or manifest legal violations occurred. Case-Laws Income Tax Tue, 09 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751283