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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

Validity of Settlement commission order - The settlement was ...

Income Tax

October 14, 2020

Validity of Settlement commission order - The settlement was mutually beneficial and acceptable. The money stood accepted without any protest or demur. As such, at a belated stage in the year 2020, more so, after a period of one year from the settlement, Revenue cannot be allowed to raise pleas, technical in nature, particularly when matter stood conclusively decided and concluded even at the end of Revenue. - HC

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