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2017 (3) TMI 903 - HC - Income TaxApplication for settlement - application rejected on the ground that the petitioner had not declared additional income for those assessment years in its settlement application - Held that:- Either all the Assessment Years mentioned in the application are to be settled or none at all. It cannot be split so as to settle the dispute for one of the Assessment Years and reject the others. In view of the above, the impugned order of the Commission to the extent it has rejected / not entertained, the petitioner's application for settlement for the Assessment Years 2011-12 to 2014-15 for not disclosing additional income in its application, prima facie appears to be incorrect. In the above view, the Assessing Officer is restrained from issuing notices and initiating proceedings under the normal provisions of the Act for Assessment Years 2011-12 to 2014-15. See Airtech Pvt. Ltd. and others Versus Income-tax Settlement Commission [1994 (6) TMI 192 - INCOME TAX SETTLEMENT COMMISSION]
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