https://www.taxtmi.com/caselaws?id=758241 The HC quashed the IBS order dated 29 August 2023 rejecting petitioner's settlement application under Section 245D(4). The court held that the application should be considered by IBS, keeping open all revenue objections including threshold limits under Section 245C(1)(ia). The rejection was found to be covered by precedents in Sar Senapati and Vishwakarma Developers cases. The court did not examine constitutional validity challenges, keeping petitioner's contentions open. The writ petition was disposed of without costs, directing IBS to reconsider the settlement application while preserving all parties' rights to raise jurisdictional and other objections. en-us Wed, 28 Aug 2024 00:00:00 +0530 Mon, 09 Sep 2024 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758241 The HC quashed the IBS order dated 29 August 2023 rejecting petitioner's settlement application under Section 245D(4). The court held that the application should be considered by IBS, keeping open all revenue objections including threshold limits under Section 245C(1)(ia). The rejection was found to be covered by precedents in Sar Senapati and Vishwakarma Developers cases. The court did not examine constitutional validity challenges, keeping petitioner's contentions open. The writ petition was disposed of without costs, directing IBS to reconsider the settlement application while preserving all parties' rights to raise jurisdictional and other objections. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758241