Supreme Court of India
Ajmera Housing Corporation & Anr. Etc. Etc. v. Commissioner of Income Tax
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.
3 Supreme Court benches have cited this judgment.
From the headnote
Income Tax Act, 1961 - s 245C- Settlement of cases - Pre-requisites for - Held: Section 245C mandates disclosure of 'full and true' particulars of undisclosed income and 'the manner' in which such income had been derived - Amount of income tax payable on such undisclosed income is to be computed and mentioned in the application - Income Tax Settlement Commission has the jurisdiction to pass any order on the matter covered by the application only when it records its satisfaction on the said aspect - There is no stipulation for ·revision of application filed uls. 245C(1) and thus, determination
Authorities it was built on
Where later benches applied it
- 2022 Checkmate Services P. Ltd. v. Commissioner of Income Tax-1
- 2011 Ranbaxy Laboratories Ltd. v. Union of India and Ors.
- 2023 Kotak Mahindra Bank Limited v. Commissioner of Income Tax Bangalore and Anr.
Of those, 2 relied on · 1 referred to
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