{"id":51522,"date":"2025-02-27T11:34:59","date_gmt":"2025-02-27T06:04:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-pankaj-buildwell-ltd-group-2024-161-taxmann-com-605-341-ctr-127-8-nypctr-457-delhihc\/"},"modified":"2025-02-27T11:34:59","modified_gmt":"2025-02-27T06:04:59","slug":"pcit-v-pankaj-buildwell-ltd-group-2024-161-taxmann-com-605-341-ctr-127-8-nypctr-457-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-pankaj-buildwell-ltd-group-2024-161-taxmann-com-605-341-ctr-127-8-nypctr-457-delhihc\/","title":{"rendered":"PCIT v. Pankaj Buildwell Ltd. &#038; Group (2024) 161 taxmann.com 605\/ 341 CTR 127 \/ 8 NYPCTR 457 (Delhi)(HC)"},"content":{"rendered":"<p>On writ by Revenue the Court held that ITSC acted in excess of jurisdiction conferred upon it under Act and, therefore,\u00a0 order passed by ITSC granting immunity from penalty and prosecution to assessee is\u00a0\u00a0 set aside. Court also held that \u00a0\u00a0the 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\u00a0 aside.\u00a0 (AY.2001-02 to 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 245D : Settlement Commission-Settlement of cases-Procedure-Application-Conditions-Full and true disclosure-Revision of application-No full and true disclosure-Order of Settlement Commission is set aside.[S.245C,  245D (4),245H,  Art. 226]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-51522","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dp0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=51522"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51522\/revisions"}],"predecessor-version":[{"id":51523,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51522\/revisions\/51523"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}