Wednesday, 3 July 2013

HC denies to quash settlement order; Set Com could verify full and true disclosure by assessee till

IT : High Court will not quash an order of Settlement Commission allowing the assessee's settlement application to be proceeded with or declining to declare settlement application invalid based on report furnished by CIT on grounds of assessee not having made "full & true disclosure" or non-disclosure of this issue is open before the Settlement Commission till final order is made under section 245D(4)


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