ITSC has Sufficient Jurisdiction: Delhi HC upholds Additions u/s 132 of Income Tax Act [Read Order]
The High Court has affirmed the jurisdiction of the Income Tax Settlement Commission (ITSC) to impose income tax additions
The Delhi High Court has ruled that the Income Tax Settlement Commission ( ITSC ) is not devoid of jurisdiction to make an addition during settlement proceedings, as clearly stated in the settlement terms. The dispute arose following a search under Section 132 of the Income Tax Act, 1961, involving the petitioner-assessee and their family…
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