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Income Tax Settlement Commission

Latest Articles


Streamlining Tax Dispute Resolution: Rise of Internal Board of Settlement in India

Income Tax : The article discusses the establishment of the Internal Board of Settlement (IBS) under the Income Tax Act of 1961, its role in re...

March 18, 2023 1479 Views 0 comment Print

Last Opportunity to submit an application to Settlement Commission till 30.09.2021!

Income Tax : Dont miss your last chance to submit an application to Settlement Commission by 30.09.2021! Learn more about this opportunity and ...

September 10, 2021 2175 Views 1 comment Print

Discontinuance of Income-tax Settlement Commission

Income Tax : Budget 2021- It is proposed to discontinue Income-tax Settlement Commission (ITSC) and to constitute Interim Board of settlement f...

February 4, 2021 7203 Views 0 comment Print

Income Tax Search & Seizure Assessments & Settlement Commission

Income Tax : Finance Bill 2021- Paradigm Shift In The Provisions Relating To Income Tax Search And Seizure Assessments And Income Tax Settlemen...

February 2, 2021 4131 Views 0 comment Print

Detection of any undisclosed income subsequent to final order of ITSC

Income Tax : Income Tax Search and Seizure & Income Tax Settlement Commission (ITSC)- Detection of any undisclosed income subsequent to the...

January 23, 2021 2622 Views 0 comment Print


Latest News


Vacancy Circular for filing up vacant posts in various Benches of Income Tax Settlement Commission-reg.

Income Tax : The CBDT has indicated vide letter dated 25.11.2011 that there are several vacant/ likely to be vacant posts in the Benches of the...

November 29, 2011 396 Views 0 comment Print

Budget 2011- Pranab Mukherjee likely to bring Major change in direct tax laws

Income Tax : Saddled with huge tax arrears of Rs 2,50,000 crore -- more than half of the total tax collection projected for 2010-11 -- finance ...

January 2, 2011 279 Views 0 comment Print

Full and true disclosure of undisclosed income and their manner of acquisitions is mandatory for settlement

Income Tax : The Income Tax Settlement Commission, even after commencing the proceedings, is empowered to examine the authenticity of such full...

August 24, 2010 952 Views 0 comment Print

Taxes Outstanding Against Multi-National Company

Income Tax : No separate database regarding the outstanding demand against Multi-National Company (MNCs) as a separate category or class is mai...

August 2, 2010 516 Views 0 comment Print


Latest Judiciary


ITSC Cannot Grant Immunity Without Full & True Disclosure: Delhi HC

Income Tax : Once it is seen that the disclosure was not full and truthful, the ITSC loses its jurisdiction to entertain such an application as...

April 15, 2024 174 Views 0 comment Print

Reopening of assessment under Section 147/148 not permissible when final settlement order under Section 245D(4) has been passed

Income Tax : Delve into the crucial judgment of Orchid Infrastructure Developers Pvt Ltd Vs PCIT, where the Delhi High Court ruled against reop...

March 20, 2024 360 Views 0 comment Print

Kerala HC Upholds Rejection by Income Tax Settlement Commission for Inadequate Income Disclosure

Income Tax : Kerala High Court dismisses a writ petition for failing to meet Section 245C(1) of the Income Tax Act, emphasizing full and true i...

February 24, 2024 396 Views 0 comment Print

Delhi HC Closes Writ Amid NCLT’s Corporate Insolvency Resolution Process

Income Tax : Delhi High Court closes writ petition as the CIT's claim is rejected during Corporate Insolvency Resolution Process (CIRP) before ...

January 4, 2024 507 Views 0 comment Print

Addition Unwarranted as Settlement Commission Accepted Surrendered Amount

Income Tax : ITAT Ahmedabad held that addition towards unexplained expenditure unsustainable as impugned amount has already been surrendered by...

October 28, 2023 300 Views 0 comment Print


Latest Notifications


CBDT notifies authority for accepting Income Tax settlement application

Income Tax : In order to avoid genuine hardship to assessees authorizes the Commissioner of Income-tax, posted as Secretary to the Settlement C...

September 28, 2021 2892 Views 0 comment Print

Revised selection criteria for appointment of Chairman, Vice-Chairman and members of SetCom

Income Tax : 4, Retirement from parent service on appointment as Chairman or Vice-Chairman or Member.— (1) Where, a Member, on the date of...

March 27, 2015 4733 Views 0 comment Print

All the info /material furnished by assessee before Settlement Commission to be sent to CIT to enable him issue his report

Income Tax : Notification No. 5/2014-Income Tax All the material and other information produced by the assessee before the Settlement Commissio...

January 15, 2014 490 Views 0 comment Print

Income-tax Settlement Commission (Procedure) Amendment Rules, 2010

Income Tax : Notification No. G.S.R. 820(E)-Income Tax In exercise of the powers conferred by sub-section (7) of section 245F of the Income-tax...

October 6, 2010 1556 Views 0 comment Print


Latest Posts in Income Tax Settlement Commission

ITSC Cannot Grant Immunity Without Full & True Disclosure: Delhi HC

April 15, 2024 174 Views 0 comment Print

Once it is seen that the disclosure was not full and truthful, the ITSC loses its jurisdiction to entertain such an application as well as to provide any immunity to the applicant from prosecution and penalties.

Reopening of assessment under Section 147/148 not permissible when final settlement order under Section 245D(4) has been passed

March 20, 2024 360 Views 0 comment Print

Delve into the crucial judgment of Orchid Infrastructure Developers Pvt Ltd Vs PCIT, where the Delhi High Court ruled against reopening assessments under Section 147/148 after a final settlement order under Section 245D(4).

Kerala HC Upholds Rejection by Income Tax Settlement Commission for Inadequate Income Disclosure

February 24, 2024 396 Views 0 comment Print

Kerala High Court dismisses a writ petition for failing to meet Section 245C(1) of the Income Tax Act, emphasizing full and true income disclosure.

Delhi HC Closes Writ Amid NCLT’s Corporate Insolvency Resolution Process

January 4, 2024 507 Views 0 comment Print

Delhi High Court closes writ petition as the CIT’s claim is rejected during Corporate Insolvency Resolution Process (CIRP) before NCLT. Get insights into the judgment.

Addition Unwarranted as Settlement Commission Accepted Surrendered Amount

October 28, 2023 300 Views 0 comment Print

ITAT Ahmedabad held that addition towards unexplained expenditure unsustainable as impugned amount has already been surrendered by the firm and accepted by the Settlement Commission.

AO cannot reopen assessment u/s. 148 when order u/s. 245D is passed by Income Tax Settlement Commission

October 26, 2023 531 Views 0 comment Print

ITAT Ahmedabad held that once the Income Tax Settlement Commission has passed final order u/s. 245D of the Income Tax Act, AO has no jurisdiction to reopen the same u/s. 148 of the Income Tax Act.

SC upheld Settlement Commission order granting penalty & prosecution immunity

September 26, 2023 945 Views 0 comment Print

Supreme Court upheld an order by Settlement Commission granting immunity from penalty and prosecution, emphasizing importance of full disclosure and cooperation.

Settlement Commission Order cannot be set-aside Without Re-determination of undisclosed income

August 22, 2023 1242 Views 0 comment Print

Supreme Court held that while setting aside the order of Settlement Commission, High Court could have remanded the matter to the Settlement Commission for re-consideration and re-determination of undisclosed income. It is unjust to set aside the order of Settlement Commission without re-determination of undisclosed income.

In absence of Section 148 notice Section 245C(1) settlement application was invalid

May 31, 2023 816 Views 0 comment Print

In the case being analyzed, the Delhi High Court referred to Explanation (i) to Clause (b) of Section 245A to determine whether the proceedings for assessment or reassessment had commenced for the assessment years 2012-13, 2013-14, and 2014-15. The court concluded that based on a plain reading of the explanation, no such proceedings had commenced during those years. As a result, the court upheld the decision of the Income Tax Settlement Commission to deem the petitioner’s application under Section 245C(1) invalid for those assessment years.

Streamlining Tax Dispute Resolution: Rise of Internal Board of Settlement in India

March 18, 2023 1479 Views 0 comment Print

The article discusses the establishment of the Internal Board of Settlement (IBS) under the Income Tax Act of 1961, its role in resolving tax disputes, and its impact on taxpayers. The article also highlights alternative settlement mechanisms available after the abolishment of the Income Tax Settlement Commission in India.