PRL COMMR OF INCOME TAX, RJY, E.G.DIST vs. M/S KADAKATLA RICE MILL, TADEPALLIGUDEM, W.G.DIST

Bench: The Income Tax Settlement Commission/Respondent No. 1 On 8Th April, 2015 For Settlement Of Its Income Tax Matters By Disclosing An Income Of Rs. 3,93,93,544/-. The Aforesaid Application Of The Respondent No. 2 Was Proceeded With Under Section 245 D (1) Of The Income Tax Act, 1961 By An Order Dated 21St April, 2015. After Receipt Of The Report Under Section 245 D (2B) Of The Act, From The

292C. Once the applicant has disclosed the profit/income as per nothings on those documents, any further probe or query in the matter would serve no purpose. We, accept the additional income shown by the applicant in the application. Further, the A.R. has agreed to the proposed addition on account of commission paid for introduction of share capital @ 2% which works