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ITSC has Sufficient Jurisdiction: Delhi HC upholds Additions u/s 132 of Income Tax Act [Read Order]

taxscan.in 2024/10/5

The High Court has affirmed the jurisdiction of the Income Tax Settlement Commission (ITSC) to impose income tax additions

Delhi HC - Delhi high court - ITSC - Income Tax - Income Tax Settlement Commission - Section 132 Income Tax Act - taxscan

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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