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இது தெய்வக்குற்றம்”
by Sekar Reporter · Published January 28, 2026
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Trsenthil Tax: The contention of the learned counsel for the Assessee is that the period of exclusion should be computed from the date on which the order under Section 142(2A) of the Act was served upon the Assessee viz., on 20.04.2000 till 31.07.2000 which will give the exclusion period of 102 days only and therefore, the Assessment Order passed on 13.11.2000 will be hit by the bar of limitation.
by Sekar Reporter · Published January 15, 2020
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Case No.:* (link unavailable) 10688 of 2020 – *Judge:* KRISHNAN RAMASAMY, J. – *Parties:* – Petitioner: M/s. Khazana Jewellery Pvt. Ltd., represented by its Managing Director, Mr. Kishore Kumar Jain – Respondent: 1. Income Tax Settlement Commission, 2. Deputy Commissioner of Income Tax – *Date of Order:* 28.11.2025 – *Counsel:* – For Petitioner: Mr.P.S.Raman, Senior Counsel, assisted by Mr.P.Sivaraman – For Respondent: Mr.A.P.Srinivas, Senior Standing Counsel, and Mr.A.N.R.Jayaprathap, Junior Standing Counsel – *Court Observation:* The court held that the “full and true disclosure” required under Section 245C(1) means the assessee must disclose all income in a complete and truthful manner when filing the settlement application. If any part of the disclosure is found to be untrue, the Settlement Commission can reject the entire application. The commission can’t accept part of the disclosure and reject the rest; it’s all or nothing.
by Sekar Reporter · Published December 5, 2025