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Settlement commission offering immunity by accepting explanation in spirit of settlement cannot be faulted: Karnataka HC
Case Law Details
- Case Name
- PCIT Vs Smt. Umah Agarwal (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All High Courts, Karnataka High Court
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PCIT Vs Smt. Umah Agarwal (Karnataka High Court)
Karnataka High Court held that settlement commission, accepting additional income offered as reasonable and giving immunity from penalty and prosecution, by accepting the explanation ‘in the spirit of settlement’ cannot be faulted.
Facts- The present petition is filed by the Revenue seeking for setting aside of the order passed by the Settlement Commission dated 11.03.2020 whereby application of the petitioner for settlement u/s. 245C of the Income Tax Act, 1961 for the Assessment Years 2012-2013 to 2019-2020 was accepted an...
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