Supreme Court: Income Tax Settlement Commission’s Purpose Is to Give Assesse Chance to Disclose Undisclosed Income to Seek Immunity

In a recent appeal before the Supreme Court, a division bench comprising Justices B.V. Nagarathna and Ujjal Bhuyan deliberated on the objective and purpose behind the establishment of the Settlement Commission under the Income Tax Act of 1961. The court emphasized that the Settlement Commission provides an opportunity for taxpayers Read more…