Search Results for Tag : Settlement Commission

News

Del. HC: ITSC Can Only Grant Immunity from Penalty & Prosecution in Case of Full & True Disclosure(15.04.2024)

Delhi High Court has held that the power to grant immunity from penalty and prosecution is entrusted to the Income Tax Settlement Commission (ITSC) on.....

Tags : Delhi High Court, Income Tax Settlement Commission, Penalty & Prosecution, True Disclosure

Madras HC: ITSC Cannot Force Income Tax Dept to Settle Disputes with Assessees(26.04.2021)

Madras High Court has ruled that Income Tax Settlement Commission (ITSC) cannot force the Income Tax Department to settle disputes with assessees if t.....

Tags : Madras High Court, Income Tax Settlement Commission

SC Gives Split Verdict on Jurisdiction of Settlement Commission w.r.t Goods U/S 123 Customs Act(08.05.2023)

Supreme Court division bench comprising Justices Krishna Murari and Sanjay Karol has delivered a split verdict in respect to issue if jurisdiction of .....

Tags : Supreme Court, Customs Act, Settlement Commission

Kar HC: No Interference in Settlement Commission's Order Accepting Expl. In the Spirit of Settlement(12.08.2024)

Karnataka High Court has held that acceptance of explanation ‘in the spirit of settlement’ by the Settlement Commission, cannot put the commission at .....

Tags : Karnataka High Court, Settlement Commission, Limited Jurisdiction

Delhi High Court: DRI Has No Jurisdiction to File Writ Against Order of Settlement Commission(23.05.2017)

Delhi High Court has held that Directorate of Revenue Intelligence (DRI) has no jurisdiction to file Writ Petition under Article 226 of Constitution o.....

Tags : Delhi High Court, Settlement Commission, Directorate of Revenue Intelligence

Calcutta High Court: Finding Fact of Settlement Commission Not Open to Judicial Review(19.06.2017)

Calcutta High Court has held that a finding of fact made by Settlement Commission is not open to judicial review unless it is established that such fi.....

Tags : Calcutta High Court, Settlement Commission

SC: Disclosure Made to Settlement Commission Needn't be Something that Wasn’t Discovered by AO(27.09.2023)

Supreme Court has held that Section 245C r/w Section 245H of Income-Tax Act only contemplates full and true disclosure of income to be made before Set.....

Tags : Supreme Court, Settlement Commission, Disclosures, Assessing Officer

Delhi HC: ITSC Abolition Doesn’t Void Settlement Pleas Filed Between Feb 1–Mar 31, 2021(08.10.2025)

Delhi High Court held that the Finance Act 2021, which abolished the Income Tax Settlement Commission (ITSC) retrospectively and introduced the Interi.....

Tags : Income Tax Settlement Commission, Abolition, Finance Act

SC: AO Cannot Revive Assessment Concluded by Settlement Commission under Income Tax Act(17.09.2026)

Supreme Court held that once the Income Tax Settlement Commission determines an assessee’s net taxable income, the Assessing Officer cannot subsequent.....

Tags : Income Tax Settlement Commission; Income Tax Act; Assessing Officer

Judgments

Court should not interfere with an order of Settlement Commission, passed in exercise of its discretionary powers, unless order contravenes provisions of Act(25.09.2023)

Present appeal has been filed assailing the judgment passed by the High Court whereby the judgment of the learned Single Judge, remanding the matter t.....

Tags : Settlement Commission, Discretionary powers, Supreme Court

Notifications & Circulars

Customs and Central Excise Settlement Commission (Amendment) Procedure, 2017(09.05.2017)

In exercise of the powers conferred by sub-section (4) of Section 32-I of the Central Excise Act, 1944 (1 of 1944) and sub-section (4) of section 127 .....

Tags : Settlement Commission, Amendment, Procedure