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Wanchoo Committee's recommendation in regard to settlement of cases.
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....nt in the light of the Wanchoo Committee's recommendation in regard to settlement of cases. 2. Section 245D of the Income-tax Act provides that, on receipt of a settlement application u/s 245C, the Settlement Commission shall call for a report from the Commissioner and the decision as to whether the application should be allowed to be proceeded with or rejected shall be taken by the Commission on....
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.... and scope of the expression "concealment....... or perpetration of fraud.....has been established or is likely to be established". The provision does not contemplate the Commissioner to object to a settlement application being allowed to be proceeded with in every case where a concealment of income or perpetration with in every case where a concealment of income or perpetration of fraud for tax e....