Submission of additional disclosure during proceedings would invalidate original application filed before Settlement Commission

Commissioner of Wealth Tax Vs Income Tax Settlement Commission (Madras High Court)

Conclusion: Submission of additional statement of facts providing further disclosure would invalidate the original application as assessee had not filed the application with true and full disclosure. There was reason to believe that assessee had not approached the Settlement Commission with clean hands and thus, Settlement Commission had committed an error apparent and allowed the application filed by assessee in violation of the provi

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