Wanchoo Committee's recommendation in regard to settlement of cases.

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....April, 1976. This is a new measure taken by the Government 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 proc....

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....Some doubts have been expressed regarding the correct import 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 wher....