SetCom can’t declare application invalid citing non-disclosure of full & true income if issue needs to be settled

INCOME TAX : Section 245D(2C) does not spell out an adjudicatory process and procedure to be adopted by Settlement Commission is summary in nature Therefore, if in opinion of Settlement Commission, based on report, issue needs to be adjudicated, the application can not be declared as invalid and each case which comes before Commission has to be decided on own facts Where applicant,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195887/setcom-can’t-declare-application-invalid-citing-non-disclosure-of-full-true-income-if-issue-needs-to-be-settled.aspx