HC Sets Aside IT Settlement Commission’s Order, Directs Fresh Consideration on Abated Applications

Mehta Stone Polishers Vs ACIT (Rajasthan High Court) Rajasthan High Court has overturned an order by the Income Tax Settlement Commission that dismissed an application from Mehta Stone Polishers due to missing records. The High Court found that the Commission’s dismissal was invalid because the assessee was not involved in the reconstruction of the lost files, despite a prior court directive to decide the application on its merits. The case originated from a writ petition filed by Mehta Stone Polishers challenging the validity of Section 245HA of the Income Tax Act, 1961. This provision,...