![Settlement Commission Cannot invoke S. 154 of Income Tax to Rectify Concluded Proceedings or Levy Interest Prior to 2011: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Madras-High-Court-Income-Tax-Settlement-Commission-Section-154-TAXSCAN.jpg "Settlement Commission Cannot invoke S. 154 of Income Tax to Rectify Concluded Proceedings or Levy Interest Prior to 2011: Madras HC [Read Order]")
Settlement Commission Cannot invoke S. 154 of Income Tax to Rectify Concluded Proceedings or Levy Interest Prior to 2011: Madras HC [Read Order]
In a recent ruling, the Madras High Court ruled that the Income Tax Settlement Commission ( ITSC ) does not have the power to invoke Section 154 of...
![Punjab & Haryana HC directs to Waive Interest in Situations beyond Assessees Control in Timely Filing of Income Tax Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Punjab-and-Haryana-High-Court-Income-Tax-Returns-Assessees-Taxscan.jpg "Punjab & Haryana HC directs to Waive Interest in Situations beyond Assessees Control in Timely Filing of Income Tax Returns [Read Order]")
![Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Income-Tax-Income-Tax-Settlement-Commission-ITSC-TAXSCAN.jpg "Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]")
Income Tax Settlement Commission’s Order granting Refund to Assessee included TDS: ITAT orders to Refund of Rs. 70.53 Lakhs
The Income Tax Appellate Tribunal (ITAT), Pune Bench ordered the Refund of Rs. 70.53 Lakhs and said that the IT Settlement Commission’s Order granting Refund to Assessee included the Tax...
Govt. notifies date on which the Chairman, Vice-Chairman or Member cease to hold office of interim Income Tax Settlement Commission
The Government on Wednesday notified 1st May 2021 as a date on which the Chairman, Vice-Chairman or Member cease to hold office of Income Tax Settlement Commission. “In exercise of the powers...
Scrapping of Income Tax Commission: Govt notifies Form to withdraw Pending Applications [Read Notification]
The Central Board of Direct Taxes (CBDT) on Friday notified Form No. 34BB for Exercising the option to withdraw pending applications under Section 245M(1) of the Income Tax Act, i.e. from scrapped...
![Scrapping of Income Tax Commission: Govt notifies Form to withdraw Pending Applications [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-Income-Tax-Settlement-Commission-Form-No.jpg "Scrapping of Income Tax Commission: Govt notifies Form to withdraw Pending Applications [Read Notification]")
ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to add only 12% of on-money receipts as undisclosed income. The assessee, M/s. Bhalchandra Trading P. Ltd. raised the issue...
![ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-on-money-receipts-undisclosed-income-taxscan.jpeg "ITAT directs Assessing Officer to add only 12% of On-Money Receipts as Undisclosed Income [Read Order]")
Income Tax Search and Seizure & Income Tax Settlement Commission (ITSC)- Detection of any undisclosed income subsequent to the final order of ITSC
Introduction:- Chapter XIX - A of Income Tax Act, 1961 provides for settlement of cases. Income Tax Settlement Commission was set up in the year 1976 on the recommendation of the Direct Tax...
Delhi HC dismisses Moin Qureshi 's Petition against Invalidation of Tax Settlement Application [Read Judgment]
The Delhi High Court has dismissed the Writ Petition filed by the meat exporter Moin Qureshi against a 2017 order of the Income Tax Settlement Commission (ITSC) which invalidated his tax settlement...
![Delhi HC dismisses Moin Qureshi s Petition against Invalidation of Tax Settlement Application [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Moin-Qureshi-Taxscan.jpg "Delhi HC dismisses Moin Qureshi s Petition against Invalidation of Tax Settlement Application [Read Judgment]")