Supreme Court · 1994 INSC 5 · Decided 11 January 1994
Commissioner of Income Tax, Madras v. Express Newspaper LTD.
- Court
- Supreme Court of India
- Citation
- 1994 INSC 5 · [1994] 1 S.C.R. 64
- Case number
- CIVIL APPEAL No. 2841/1993
- Decided
- 11 January 1994
- Bench
- J.S. VERMA, YOGESHWAR DAYAL, B.P. JEEVAN REDDY (3-judge bench)
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 245
Headnote
Income-tax Act, 1961: Sections 245-A(b) and 245- C(l}-Settlement Commissiott-Settlement of Cases-Losses returned found to be false and . fabricated and hence not accepted-Assessment made of a huge amount-As- sessee filing application for settlement and offering part of the losses towards taxable any undisclosed income nor the manner of deriving the same-Hence not maintainable-Settlement Commissiott-lurisdiction ott-Scope of proceedings before it-Not only in- come disclosed but the entire case for the relevant assessment year. Sections 245-D( 1-A) & 245~C-Sett/ement of
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