{"id":59633,"date":"2026-04-17T12:28:32","date_gmt":"2026-04-17T06:58:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-md-industries-p-ltd-2025306-taxman-89-sc-pcit-v-md-industries-pltd-2025-306-taxman-344-sc-editorial-followed-in-pr-cit-v-md-industries-p-ltd-2025-306-taxman-344-sc\/"},"modified":"2026-04-17T12:28:32","modified_gmt":"2026-04-17T06:58:32","slug":"pcit-v-md-industries-p-ltd-2025306-taxman-89-sc-pcit-v-md-industries-pltd-2025-306-taxman-344-sc-editorial-followed-in-pr-cit-v-md-industries-p-ltd-2025-306-taxman-344-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-md-industries-p-ltd-2025306-taxman-89-sc-pcit-v-md-industries-pltd-2025-306-taxman-344-sc-editorial-followed-in-pr-cit-v-md-industries-p-ltd-2025-306-taxman-344-sc\/","title":{"rendered":"PCIT v. MD Industries (P.) Ltd. (2025)306 Taxman 89 (SC) PCIT v. MD Industries (P)(Ltd (2025) 306 Taxman 344 (SC) Editorial: followed in Pr. CIT v. MD Industries (P.) Ltd. (2025) 306 Taxman 344 (SC), the High Court decision is reported in PCIT v. MD Industries (P.) Ltd. (2025) 172 taxmann.com 91\/473 ITR 744 (Guj.) (HC)."},"content":{"rendered":"<p>The assessee approached the\u00a0<strong>Settlement Commission<\/strong>\u00a0to determine the issues. However, during the pendency of the settlement proceedings, the\u00a0AO\u00a0passed an order under\u00a0<strong>section 143(3)<\/strong><strong>.<\/strong> The appeal filed before the\u00a0<strong>CIT (A)<\/strong>\u00a0was dismissed on the ground that the issues were pending before the Settlement Commission. The Tribunal condoned the delay, allowed the appeal, and set aside the order of the\u00a0<strong>CIT (A)<\/strong><strong>,<\/strong> directing that the issues be considered in light of the proceedings before the Settlement Commission. <strong>The<\/strong><strong>\u00a0<\/strong><strong>Supreme Court<\/strong>\u00a0held that there was no infirmity in the Tribunal\u2019s order and directed that the\u00a0<strong>CIT(A)<\/strong> should keep the matter pending until the application before the Settlement Commission is finally determined. The principal reiterated that, in view of\u00a0<strong>section 245F<\/strong><strong>,<\/strong> the Settlement Commission enjoys\u00a0<strong>exclusive jurisdiction<\/strong><strong>,<\/strong> and once an application is admitted,\u00a0<strong>no other income-tax authority has jurisdiction to pass any order<\/strong>\u00a0on the matters covered by the settlement application. (AY 1999-2000 to 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 254(1) : Appellate Tribunal-Powers-Settlement Commission-CIT(A) did not adjudicate issue on merits and dismissed the appeal-Tribunal remanded matter back to CIT(A) for consideration-High Court affirmed the order of the Tribunal-SLP of revenue dismissed.[S. 245D(4), 245HA, 246A, 250, Art. 136] <\/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-59633","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fvP","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59633","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=59633"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59633\/revisions"}],"predecessor-version":[{"id":59634,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59633\/revisions\/59634"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}