Supreme Court · [2026] 10 S.C.R. 154 · Decided 16 September 2026
Assistant Commissioner of Income Tax & Another v. M/S Omaxe Limited
- Court
- Supreme Court of India
- Citation
- [2026] 10 S.C.R. 154
- Case number
- CIVIL APPEAL No. 9190/2013
- Decided
- 16 September 2026
- Bench
- N. V. ANJARIA, SARASA VENKATANARAYANA BHATTI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 245D(4), 148, 245C, 245D(6), 147, 143(3), 80IB(10)
Headnote
Whether, notwithstanding an Order u/s.245D(4) of the Income Tax Act, 1961, the Assessing Officer (AO) has jurisdiction u/s.148 of the Act, 1961, to propose reassessment of an aspect covered by the Settlement Order. Income Tax Act, 1961 - Assessee filed an application u/s.245C for the AY 2000-01 to 2006-07 to settle the cases as disclosed in the Application filed before the Income Tax Settlement Commission (ITSC) - ITSC, u/s.245D(4), passed the final Settlement Order after allowing deductions u/s.80IB(10) - However,
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