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2003 (9) TMI 72 - MADRAS HIGH COURT
Maintainability of application of the company made under section 245C(1) – application without making true and full disclosure of the income is not maintainable and the order' of the Settlement Commission passed on such application is bad, illegal, void and unsustainable in the eye of law - this court could interfere in the decision making process. Hence, the order of the first respondent Settlement Commission dated January 13, 1995, is liable to be set aside and accordingly the same is set aside