2017 (4) TMI 1537 - HC - Income Tax

Settlement commission proceedings - HELD THAT - The search and seizure operation was carried out at the premises of various persons including petitioner. Thereafter, assessment proceedings under section 153 A of Income Tax Act, 1961 (hereinafter referred to as 'Act' 1961) were initiated. It is also admitted by petitioner that it has already approached settlement Commission by filing application under section 245 C of Act, 1961. In these facts and circumstances, we do not find any occasion to interfere in the matter at this stage. The writ petition is accordingly dismissed since petitioner is already pursuing remedy before Settlement Commission

Summary

The High Court of Allahabad dismissed the writ petition as the petitioner had already approached the Settlement Commission under section 245C of the Income Tax Act, 1961 after a search and seizure operation was conducted at their premises.