https://www.taxtmi.com/caselaws?id=751848 The Bombay HC dismissed the Revenue's challenge to an ITSC order granting relief to an assessee on eight disputed points including income percentage, cash loans, bogus purchases, and penalties. The court held that ITSC's discretion in settlement matters is wide-ranging and constitutes a "package deal" that cannot be dissected. The HC's review under Article 226 is limited to whether ITSC acted within statutory provisions and whether the order prejudiced the assessee, absent bias, fraud, or malice. Since ITSC members are appointed for their integrity and expertise, the government cannot challenge decisions made by its own representatives without alleging misconduct. en-us Thu, 18 Apr 2024 00:00:00 +0530 Wed, 28 Aug 2024 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751848 The Bombay HC dismissed the Revenue's challenge to an ITSC order granting relief to an assessee on eight disputed points including income percentage, cash loans, bogus purchases, and penalties. The court held that ITSC's discretion in settlement matters is wide-ranging and constitutes a "package deal" that cannot be dissected. The HC's review under Article 226 is limited to whether ITSC acted within statutory provisions and whether the order prejudiced the assessee, absent bias, fraud, or malice. Since ITSC members are appointed for their integrity and expertise, the government cannot challenge decisions made by its own representatives without alleging misconduct. Case-Laws Income Tax Thu, 18 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751848