TMI Blog1996 (5) TMI 436X X X X Extracts X X X X X X X X Extracts X X X X ..... of 1995 are preferred against the order of rejection passed by the Settlement Commission under section 245D(1) of the Income-tax Act, 1961 ('the Act') whereas Special Civil Application Nos. 10202 of 1995 and 10203 of 1995 are preferred against order of rejection passed by the Settlement Commission under section 22D(1) of the Wealth-tax Act, 1957. 2. Minors Manan and Alin have preferred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se of hearing, it was stated that out of the income of the trust so disclosed, proportionate shares of the two minors, without any objection from them, can also be taxed. It is averred in the petition that when the members of the family made applications to the Settlement Commission, these two minors were not eligible to make applications because there were no pending assessments for any year and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iven in case of other major beneficiaries. The Settlement Commission, after receipt of a report from the Commissioner under section 245D(1), passed an order on 26-9-1995 rejecting the application of the petitioner at the very admission stage. Copy of the order is produced at Annexure 'E' to this petition. Similar orders are also produced in other petitions. 3. We have taken these facts ..... X X X X Extracts X X X X X X X X Extracts X X X X
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