2024 (3) TMI 384

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..... sales and expenses - accused approached before Settlement Commission who had granted immunity from prosecution under the Income Tax Act and as per Section 245I the order passed by the Settlement Commission shall be conclusive. As decided by HC [ 2023 (11) TMI 1234 - MADRAS HIGH COURT] admittedly, the petitioners filed an application before the Settlement Commission as per Section 245C of the Incom .....

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..... gation) to initiate the proceedings in this case. The petitioner would be at liberty to raise this point before the Trial Court. Pending application(s), if any, stand(s) disposed of. - HON'BLE MR. JUSTICE SUDHANSHU DHULIA And HON'BLE MR. JUSTICE PRASANNA BHALACHANDRA VARALE For the Petitioner : Dr. S. Muralidhar, Sr. Adv. Ms. Madhusruthi Neelakantan, Adv. Mr. M.A. Karthik, Adv. Mr. Maitr .....

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