Bar on Subsequent Application to Income Tax Settlement Commission: Conflict between Legislative Intention and Judicial View

The scheme of Settlement of cases under the Income Tax Act 1961 is governed by Sections 245A to 245M contained in “Chapter XIX-A: Settlement of Cases”. In the common parlance, it is believed that the settlement of cases is a one time opportunity in the lifetime of such applicant (now also includes its related person […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3ecQV1U