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2016 (8) TMI 1004 - HC - Income TaxValidity of order of Settlement Commission - Held that:- In the present case the disclosures revised by the assessee during the course of the settlement proceedings were substantial and, in fact, far greater than the initial disclosure made. The Settlement Commission completely ignored the opposition of the Revenue in this respect on the ground that it is difficult to ascertain with degree of accuracy the undisclosed income on the basis of impounded documents, a ground which in our opinion is not valid. In the result, the order of Settlement Commission is set aside only on this ground. It is, therefore, not necessary to examine the second contention of the Revenue.
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