Settlement Commission is barred from entertaining application after time limit prescribed for making an assessment order u/s. 143/144 expired

HIGH COURT OF DELHI Commissioner of Income-tax Versus Income-tax Settlement Commission W.P.(C) No. 213 OF 2012 AND C.M. APPL. No. 452 OF 2012 NOVEMBER 20, 2012 ORDER S. Ravindra Bhat, J. – In this writ petition, the revenue challenges the impugned order passed by the Income Tax Settlement Commission (Commission, in short) dated 21.10.2011 whereby the Settlement Commission, by a majority of 2:1 admitted applications under section 245C, Income Tax Act, 1961 (the Act, in short) for settlement of cases even after the expiry of the time limit prescribed for making an order of...