The assessee had approached the Settlement Commission seeking settlement of its case and the Commission granted immunity from penalty and prosecution. The High Court, on a review petition, held that for invoking the settlement mechanism the assessee must make a full and true disclosure of undisclosed income at the first instance and that disclosures in instalments would not satisfy the statutory requirement. Observing that there was no basis for the finding of the Settlement Commission that the assessee had made a full and fair disclosure, the High Court set aside the order granting immunity and remanded the matter to the Settlement Commission for reconsideration. On Special Leave Petition by the assessee, the Supreme Court dismissed the petition but clarified that the direction of remand issued by the High Court remained undisturbed and the matter should be examined afresh by the concerned authority strictly in accordance with law without being influenced by any observations or findings recorded in the High Court’s judgment. SLP dismissed.