Monday, June 7, 2021

HC directs SetCom to pass order if proceedings before it were concluded as claimed by assessee

INCOME TAX : Where Petitioner prayed for issuance of formal order under section 245D(4) on ground that proceedings before Settlement Commission stood completed and only formal order had not been pronounced, Settlement Commission was to take a decision whether such facts were correct or not and if they were found to be correct, it may proceed to pass/issue appropriate formal orders

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