Wanchoo Committee's recommendation in regard to settlement of cases.

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..... ure taken by the Government in the light of the Wanchoo Committee's recommendation in regard to settlement of cases. 2. Section 245D of the Income-tax Act provides that, on receipt of a settlement application u/s 245C, the Settlement Commission shall call for a report from the Commissioner and the decision as to whether the application should be allowed to be proceeded with or rejected shall be .....

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..... egarding the correct import and scope of the expression "concealment....... or perpetration of fraud.....has been established or is likely to be established". The provision does not contemplate the Commissioner to object to a settlement application being allowed to be proceeded with in every case where a concealment of income or perpetration with in every case where a concealment of income or perp .....

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..... ate authority vests, in the light of the law on the subject, the evidence in the Department's possession and the past experience of other cases. 4. The Board, accordingly, desire that except in cases where adequate justification as explained in the preceding paragraph exists, objections should not be raised under the second proviso to sub-section (1) of section 245D. This applies equally to appl .....

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