https://www.taxtmi.com/caselaws?id=763687 The Delhi HC examined the validity of Settlement Commissioner orders granting immunity from prosecution and penalty to respondents. The court held that mere recording of satisfaction is insufficient under Section 245H(1) of the IT Act. Assessees must make honest, complete disclosure initially, not in installments during settlement proceedings. The court found no foundation for the Settlement Commission's finding of full and fair disclosure. The matter was remanded for reconsideration regarding immunity grants. The HC determined no error apparent on record warranted review of the order. en-us Fri, 13 Dec 2024 00:00:00 +0530 Wed, 18 Feb 2026 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763687 The Delhi HC examined the validity of Settlement Commissioner orders granting immunity from prosecution and penalty to respondents. The court held that mere recording of satisfaction is insufficient under Section 245H(1) of the IT Act. Assessees must make honest, complete disclosure initially, not in installments during settlement proceedings. The court found no foundation for the Settlement Commission's finding of full and fair disclosure. The matter was remanded for reconsideration regarding immunity grants. The HC determined no error apparent on record warranted review of the order. Case-Laws Income Tax Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763687