OM PRAKASH JAKHOTIA,TELANGNA vs. ACIT, CC-26, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri Amit Shukla & Dr. B.R.R. Kumar

245C(1) of the Act before the Hon’ble Income Tax Settlement Commission (“ITSC”). The assessee made a disclosure of additional income of Rs. 1,93,04,200/- for the A.Ys. 2006-07 to 2013-14. The said disclosure was increased to Rs. 7,48,04,200/- during the course of settlement proceedings. On 26.11.2014, the Hon’ble ITSC passed

OM PRAKASH JAKHOTIA,TELANGNA vs. ACIT, CC-26, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri Amit Shukla & Dr. B.R.R. Kumar

245C(1) of the Act before the Hon’ble Income Tax Settlement Commission (“ITSC”). The assessee made a disclosure of additional income of Rs. 1,93,04,200/- for the A.Ys. 2006-07 to 2013-14. The said disclosure was increased to Rs. 7,48,04,200/- during the course of settlement proceedings. On 26.11.2014, the Hon’ble ITSC passed

OM PRAKASH JAKHOTIA,TELANGNA vs. ACIT, CC-26, NEW DELHI

The appeals of the assessee are allowed

Bench: Shri Amit Shukla & Dr. B.R.R. Kumar

245C(1) of the Act before the Hon’ble Income Tax Settlement Commission (“ITSC”). The assessee made a disclosure of additional income of Rs. 1,93,04,200/- for the A.Ys. 2006-07 to 2013-14. The said disclosure was increased to Rs. 7,48,04,200/- during the course of settlement proceedings. On 26.11.2014, the Hon’ble ITSC passed

CIT vs. ANIL KUMAR BHATIA

245C is rejected by it or is not allowed to be proceeded with by it, the period commencing on the date on which such application is made and ending with the date on which the order under sub- section (1) of section 245D is received by the Commissioner under sub-section (2) of that section, shall be excluded. If, after