Bombay High Court Allows Petition Challenging Settlement Commission Order Rejecting Settlement Application Under Section 245D(1) of Income Tax Act, 1961. The Court held that the Settlement Commission must consider the nature and circumstances of the case and cannot reject an application solely on grounds of complexity and full disclosure at the admission stage.
14 Feb 2007The petitioner, Centurion Bank of Punjab Ltd (formerly Centurion Bank Ltd), a company engaged in banking and related financial activities including le...




