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2004 (6) TMI 34 - KARNATAKA HIGH COURTPetitioners contend that, the Settlement Commission has no jurisdiction to issue the impugned show cause notices as it has no power to review its own order under the guise of the notification - It is clear that Parliament has given to the Settlement Commission all those powers which are vested in the authorities as envisaged under section 116 of the Income-tax Act. The power of rectification is one such power - Having regard to the well-settled principles of law laid down by the apex court as well as this court in a host of judgments and taking into consideration the facts and circumstances, as stated supra, I do not find any justification to interfere in the impugned show cause notices issued by the respondents.
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