2008 (1) TMI 395

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.... Sahadevan for the respondents. JUDGMENT 1. The petitioner has moved this court seeking to challenge the order dated June 9, 2006, passed by the Settlement Commission under section 245D(1) of the Income Tax Act, 1961, and the order dated August 2,2006, under section 142(2A) of the Income-tax Act. 2. In so far as the order of the Settlement Commission is concerned, learned counsel submits ....

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....ncome-tax Settlement Commission [2007] 290 ITR 555. 4. On the other hand, on behalf of the respondent, learned counsel submit that Settlement Commission has rightly rejected the application of the petitioner as there was no true and full disclosure. 5. We have heard learned counsel for the parties. The Settlement Commission in the impugned order at paragraph 9, firstly, held that they do not....

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....ettlement Commission. 6. In the instant case, it is clearly set out that the issues emerging of the search are not satisfactorily addressed. In our opinion, this cannot be said to be the case of "No reasons". We are, therefore, of the opinion that in so far as challenge to the order of the Commission, this would not be a fit case where we should exercise our extraordinary jurisdiction. 7. In....