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2017 (11) TMI 735 - HC - Income TaxCorrectness of order passed by the Settlement Commission - entire amount of additional income, except the additional income, offered in the two applications before the Commission, should be held as assessable in the regular assessment for the assessment years covered in the first application - Held that:- This issue has now become academic as in the assessee's own case, the revenue viz., the petitioner herein, filed Special Leave to appeal challenging the order dated 30.01.1996, passed under Section 245 D(1) of the Income Tax Act, 1961, by entertaining the application for settlement of the cases arising out of the assessment for the years 1987-88 to 1996-97 and 1990-91 to 1996-97 respectively. The petitioner/revenue cannot once again re-agitate the very same issue before this Court as the matter has attained finality. It is not in dispute that the revenue has not questioned the order of the Settlement Commission, so far as the settlement of the cases of the assessees in respect of the block assessment ending 06.11.1996. In such circumstances, this Court has no hesitation to hold that the challenge to the impugned proceedings has become academic and unnecessary.
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