Bombay High Court Dismisses Union of India's Challenge to Settlement Commission's Reduction of Interest Under Section 220(2) of Income Tax Act, 1961. Settlement Commission Has Power to Reduce Interest Under Section 220(2) When Settling Case Under Chapter XIX-A, and Such Reduction Does Not Require Prior Payment of Interest.
9 Dec 2021The Union of India and the Commissioner of Income Tax filed a writ petition challenging two orders dated 05/06/1998 and 04/08/1999 passed by the Incom...




