Madras HC Upholds Rs.700 Crore Income Tax Demand, Dismisses Plea Challenging Assessment Orders Passed During Settlement Commission Dispute

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Madras HC Upholds Rs.700 Crore Income Tax Demand, Dismisses Plea Challenging Assessment Orders Passed During Settlement Commission Dispute [Read Order]
The Court ruled that since the applications were filed and received solely based on interim court orders mand not under the statutory framework effective at the time the assessing officers retained the jurisdiction to complete the assessments.
By –  Yogitha S Yogesh |
4 June 2026 11:02 AM

In a ruling concerning the jurisdiction of tax authorities during settlement applications, the Madras High Court upheld the validity of assessment orders passed by the Income Tax Department, dismissing the plea that the assessing officers lacked jurisdiction once an application was filed before the Interim Board of Settlement (IBS). The court upheld the demand of Rs.700 Crore Tax…

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Yogitha S Yogesh
Madras High Court
Income tax demand
Income Tax Department
Finance Act

Next Story
Filing IBC Appeal Without Applying for Certified Copy of Impugned Order is No Appeal in Eyes of Law: Supreme Court [Read Order]
The Supreme Court held that an IBC appeal filed without applying for a certified copy of the impugned order is not a valid appeal in law.
By –  Kavi Priya |
4 June 2026 6:00 PM

In a recent ruling, the Supreme Court of India held that filing an appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, without applying for and obtaining a certified copy of the impugned order does not amount to a valid appeal in the eyes of law. The case arose from an appeal filed by M. Lalitha before the National Company Law Appellate Tribunal (NCLAT) challenging…

Read the full article.

Kavi Priya
Content writer at Taxscan with a passion for clear, engaging legal content. I simplify tax and law topics while sharpening my research and communication skills.

Supreme Court
National Company Law Tribunal
Section 61 of the Insolvency and Bankruptcy Code
Allottees
condoning delay

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