Supreme Court Upholds Settlement Commission's Authority in Income Tax Matters — Clarifies Jurisdiction and Interest Liability. The court ruled that regular assessment proceedings remain effective until the Settlement Commission formally admits a case for settlement, and it does not have the power to waive interest on tax due....
The case involved an appeal concerning the interpretation of provisions under Chapter XIX A of the Income Tax Act, 1961, specifically regarding the powers of the Settlement Commission and the liabilit...




