On writ by Revenue the Court held that ITSC acted in excess of jurisdiction conferred upon it under Act and, therefore,  order passed by ITSC granting immunity from penalty and prosecution to assessee is   set aside. Court also held that   the report of the CIT recorded that the assessee group has not adverted to full and true disclosure in the application. Accordingly the order of Settlement Commission is set  aside.  (AY.2001-02 to 2007-08)