Supreme Court · 2002 INSC 546 · Decided 17 December 2002
Commissioner of Income Tax, Mumbai v. M/S. Damani Brothers
- Court
- Supreme Court of India
- Citation
- 2002 INSC 546 · [2002] SUPP. 5 S.C.R. 424
- Case number
- CIVIL APPEAL No. 7428/1999
- Decided
- 17 December 2002
- Bench
- M.B. SHAH, ARIJIT PASAYAT, D.M. DHARMADHIKARI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 245C
Headnote
OF INCOME TAX, MUMBAI v. M/S. DAMAN! BROTHERS DECEMBER 17, 2002 B [M.B. SHAH, ARIJIT PASAYA T AND D.M. DHARMADHIKARI, JJ.) Income Tax Act, 1961: Chapter XIX-A introduced by Taxation Laws (Amendment) Act, 1975; C Sections 220(2), 234 A, B, C, 245(c) and ~45 D: D Petition for Settlement filed decides to proceed with the petition. Chapter XIX-A-Settlement Commission's power of settlement-Exercise of-Commission could exercise its power of settlement only after allowing the petition to be proceeded with-It must take notice of both the disclosed and undisclosed income to determine
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