Supreme Court · 1996 INSC 353 · Decided 11 March 1996
Commissioner of Income Tax, Calcutta (Central) v. Mis Paharpur Cooling Towers PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 1996 INSC 353 · [1996] 3 S.C.R. 187
- Case number
- CIVIL APPEAL No. 1000/1979
- Decided
- 11 March 1996
- Bench
- B.P. JEEVAN REDDY, M.K. MUKHERJEE (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 245
Headnote
B Income Tax Act, 1961-Section 245-Settlement Proceedings-Powers of Settlement Commission-Power to reopen any completed proceed­ ings-Scope of-Whether the Commission could drop the penalry proceedings relating to Assessment years 1970-71 to 1974-75 in an application for settle- C ment relating assessee, a Private Company, filed an application U/S 245-C of the Income Tax Act, 1961, for settlement in respect of the Assessement year 1975-76. The assessee filed a statement of facts, disclosing certain addi.- D tional income for the Assessment Year 1975-76 requesting that the addi­
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)