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1999 (1) TMI 33 - SC - Income TaxSection 245D of the Income-tax Act, 1961, as it stood prior to 1991 and thereafter Held that:- Having regard to the fact that the said sub-section (1A) was removed from the statute book subsequent to 1991, we see no reason why the Settlement Commission could not have entertained applications, the like of which had not been proceeded with theretofore only by reason of the objections of the Commissioner ; and no convincing argument has been advanced on behalf of the Union of India in this context except to submit that the Settlement Commission did not have the power of review and that the grounds in regard to review were not satisfied. This is not a case of review at all. It is a case of fresh applications made subsequent to the amendment of the concerned section in 1991 when the objection of the Commissioner was not to be called for or taken into account. The appeals are dismissed.
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