High Court of Judicature at Bombay Dismisses Income Tax Department's Challenge to Settlement Commission's Retrospective Invalidation of Settlement Application. Court Holds That Retrospective Effect Renders Assessments Time-Barred and Department Cannot Approbate and Reprobate Its Own Conduct Under Section 245D(2C) of the Income Tax Act, 1961.
28 Feb 2019The dispute arose from an application filed by the assessee under Section 245C of the Income Tax Act, 1961 for settlement of its tax assessments for a...
