Against the order of Settlement Commission\u00a0 the assessee filed writ petition before High Court allowing the petition the Court held that\u00a0 order of settlement Commission on basis of volumetric report of person not qualified and incompetent to evaluate mined ore submitted by department is unsustainable.\u00a0 Withdrawal of writ petition against survey proceedings with liberty to pursue issue of volumetric report before Settlement Commission, no presumption of\u00a0 estoppel against assessee by withdrawal of writ petition. Assessment of undisclosed income can be done only with reference to incriminating material recovered from search and not post search material.\u00a0 Report stating inaccuracies of report prepared by incompetent person and submitted by Department.\u00a0 Dismissal of statutory mining plan prepared under mines and minerals (Development And Regulation) Act, 1957 and approved by\u00a0 IBM.\u00a0 Order of Settlement Commission is\u00a0 erroneous. Matter\u00a0 is remanded to Settlement Commission\u00a0 with the direction to\u00a0 \u00a0pass appropriate order in accordance with law.<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 245D : Settlement Commission-Settlement of cases-Procedure-Application-Search and seizure and Survey-Disclosing unaccounted income-Order of settlement Commission on basis of volumetric report of person not qualified and incompetent to evaluate mined ore submitted by department is unsustainable-Withdrawal of writ petition against survey proceedings with liberty to pursue issue of volumetric report before Settlement Commission-No presumption of estoppel against assessee by withdrawal of writ petition-Assessment of undisclosed income can be done only with reference to incriminating material recovered from search and not post search material-Report stating inaccuracies of report prepared by incompetent person and submitted by Department-Dismissal of statutory mining plan prepared under mines and minerals (Development And Regulation) Act, 1957 and approved by IBM-Order of Settlement Commission erroneous-Matter remanded to Settlement Commission.[S. 132, 132, 133A, 153A, 245C, 245D(4) Mines And Minerals (Development And Regulation) Act, 1957, 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-51720","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dsc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51720","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=51720"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51720\/revisions"}],"predecessor-version":[{"id":51721,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51720\/revisions\/51721"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}