Settlement applications upheld as SC declines interference despite eligibility dispute

Interim Board for Settlement & Ors. Vs Krushang Prakashbhai Soni (Supreme Court of India)

The Supreme Court considered a Special Leave Petition arising from a judgment of the Gujarat High Court concerning the eligibility of assessees to file applications for settlement under Chapter XIX-A of the Income-tax Act after the amendments introduced by the Finance Act, 2021. After condoning the delay and hearing senior counsel for the petitioners, the Supreme Court declined to interfere with the High Court’s decision and dismissed the Special Leave Peti

Please become a Premium member. If you are already a Premium member, login here to access the full content.