2019 (8) TMI 1434

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.... 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 disbelieved and the Settlement Application came ....

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....uld 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 and therefore the findings that the income offe....

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.... 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 being so, if the objections of the learned Standing....