2019 (8) TMI 1434

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.....J.Narayanasamy, SSC ORDER When the petitioner had filed a Settlement Application No. TN/CN7/2009-10/2/IT before the Income Tax Settlement Commission, who is the 1st respondent herein, he had stated that the undisclosed income admitted in the Settlement Application was a commission earned from accommodation transaction with Mr.Parasmal Jain of M/s.Kawarlal Group. This explanation was disbeli....

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....uld result in double taxation. Hence, he would submit that the order of the Settlement Commission passed in the case of the petitioner herein requires to be re-visited. 3. Per contra, the learned Standing Counsel for the respondents submitted that the proceedings pertaining to the petitioner herein before the Settlement Commission are in the nature of admonition and discretionary proceedings an....

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..... If that being so, there is a possibility that such a subsequent consideration by the Settlement Commission could be deemed as double taxation, in case the order dated 23.10.2009 passed by the Settlement Commission in the case of the petitioner herein, is upheld. 5. It is also stated that the order passed in the case of Parasmal Jain by the Settlement Commission has become final. While that be....