Additional Income can be disclosed before settlement Commission : HC
Merely because the respondent assessee has disclosed additional income of Rs. 12 Crore during the course of settlement, it cannot be said that Commission has not followed the procedure prescribed under the Act of 1961. HIGH COURT OF GUJARAT Principal Commissioner of Income-tax, Surat-1 v. Shankarlal Nebhumal Uttamchandani J.B. PARDIWALA AND BHARGAV D. KARIA, JJ. R/SPECIAL CIVIL… Read More »