2005 (2) TMI 16 - SUPREME COURT

Settlement Commission hold that the prayer made by CIT, to declare the settlement order passed by the Commission, to be void and for withdrawing the benefits and immunities granted to the assessee was not acceptable - not it is held that Voluntary disclosure and making a full and true disclosure of the income are necessary preconditions for invoking the Commission's jurisdiction- hence Commission is directed to re-hear the matter