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2015 (3) TMI 538 - HC - Income TaxRecourse to rectification proceedings u/s 154 by Settlement Commission - levy interest under Section 234A, 234B and 234C - Held that:- The Larger Bench of the Apex Court in Brijlal and Ors Vs. CIT reported in [2010 (10) TMI 8 - SUPREME COURT ] has now resolved the controversy and held that the Settlement Commission has no power to reopen a proceedings concluded by a final order under Section 245D(4) of the Act by invoking Section 154 of the Act. Thus where there is no power to rectify, the levy interest cannot be imposed by rectifying a concluded order under Section 245D(4) of the Act. - Decided in favour of assessee.
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