Supreme Court of India

Commissioner of Income Tax, Calcutta (central) v. Mis Paharpur Cooling Towers Pvt. Ltd.

Neutral citation
Reported as [1996] 3 S.C.R. 187
Bench B.P. Jeevan Reddy and M.K. Mukherjee JJ.
Decided 11 March 1996

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Income Tax Act, 1961-Section 245-Settlement Proceedings-Powers of Settlement Commission-Power to reopen any completed proceed­ ings-Scope of-Whether the Commission could drop the penalry proceedings relating to Assessment years 1970-71 to 1974-75 in an application for settle- ment relating to Assessment Year 1975-76-Held, No. Tue· assessee, a Private Company, filed an application U/S 245- of the Income Tax Act, 1961, for settlement in respect of the Assessement year 1975-76. The assessee filed a statement of facts, disclosing certain addi.- tional income for the Assessment Year 1975-76

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