https://www.taxtmi.com/caselaws?id=776441 The HC set aside the Interim Board for Settlement-II's order rejecting the petitioner's third settlement application under section 245C, holding that the Board failed to consider the Adjudicating Authority's finding that no income of Rs. 18 Crores was received by the petitioner from the alleged transaction. The Court found the Board's conclusion of non-disclosure unsupported as it ignored this key finding. The matter was remanded to the Board for fresh consideration in light of the Adjudicating Authority's order. en-us Fri, 27 Jun 2025 00:00:00 +0530 Mon, 11 Aug 2025 08:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776441 The HC set aside the Interim Board for Settlement-II's order rejecting the petitioner's third settlement application under section 245C, holding that the Board failed to consider the Adjudicating Authority's finding that no income of Rs. 18 Crores was received by the petitioner from the alleged transaction. The Court found the Board's conclusion of non-disclosure unsupported as it ignored this key finding. The matter was remanded to the Board for fresh consideration in light of the Adjudicating Authority's order. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776441