2020 (3) TMI 886

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....me Tax<br>Dr. Justice Vineet Kothari And Mr. Justice R. Suresh Kumar For the Petitioner : Mr.N.Prasad For the Respondent : Mrs.Hema Muralikrishnan Senior Standing Counsel ORDER DR.VINEET KOTHARI, J. The Assessee M/s.Sultan Pillai & Sons has filed this writ petition aggrieved by the order dated 24.03.2004, by which the learned Income Tax Settlement Commission, in exercise of their po....

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....petitioner / Assessee Mr.N.Prasad submitted that the order passed by the Settlement Commission, impugned in the present writ petition, deserves to be interfered with in view of the law laid down by the Hon&#39;ble Supreme Court in the case of "CIT -Vs- M.H.Ghaswala (2002) 1 SCC Page 633" and "Brij Lal -Vs- CIT (2011) 1 S.C.C.Page 1" . He has also relied upon a recent decision of the Hon&#39;ble Su....

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....e. If the Assessee intends to make any submission on the basis of any subsequent Supreme Court decision, which according to the Assessee is applicable to the facts of the present case, he is at liberty to move the Settlement Commission itself. Since apparently the impugned order has been passed in pursuance of the remand order of the Hon&#39;ble Supreme Court itself, if there is any subsequent dev....