Dismissing the petition the Court held that; assessee had not raised any dispute regarding subsidy received by it during entire Settlement proceedings till settlement order was passed by Commission, it could not urge Commissioner to examine said issue in exercise of revisional powers. (AY. 2006-07 to 2013-14)
Mandhana Industries Ltd. v. PCIT (2019) 262 Taxman 137/ 178 DTR 57/ 309 CTR 1 (Bom.)(HC)
S. 264 : Commissioner-Revision of other orders–Subsidy- Settlement proceedings-Assessee had not raised any dispute regarding subsidy received by it during entire Settlement proceedings till settlement order was passed by Commission, it could not urge Commissioner to examine said issue in exercise of revisional powers. [S. 4, 245D(4), 245F]