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2018 (8) TMI 1208 - HC - Income TaxSettlement of a case - rejection of application u/s 245D(4) on account of a failure to make a full and true disclosure of its undisclosed income - Held that:- In view of our view on the issue of full and true disclosure in respect of facilitation charges, no question of entertaining this Petition can arise. This, even if, we are of the view that the issue of deduction under Section 80IB(10) of the Act may require consideration. - However, it is made clear that the Assessment Proceedings under the Act, will proceed on its own merits. Nothing stated in the impugned order of the Commission or this order should influence the assessing procedure under the Act. - Decided against the assessee.
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