https://www.taxtmi.com/caselaws?id=759385 Delhi HC upheld ITSC's order restricting interest liability under Section 234B to the date of admission of settlement application under Section 245D(1). Court distinguished between application admission and final determination phases, noting ITSC must first verify full disclosure before admission. Following Supreme Court precedent in Brij Lal case, HC ruled interest cannot extend beyond admission date, rejecting petitioner's challenge to ITSC's restriction on interest computation. en-us Thu, 12 Sep 2024 00:00:00 +0530 Mon, 30 Sep 2024 13:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759385 Delhi HC upheld ITSC's order restricting interest liability under Section 234B to the date of admission of settlement application under Section 245D(1). Court distinguished between application admission and final determination phases, noting ITSC must first verify full disclosure before admission. Following Supreme Court precedent in Brij Lal case, HC ruled interest cannot extend beyond admission date, rejecting petitioner's challenge to ITSC's restriction on interest computation. Case-Laws Income Tax Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759385