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TMI Blog2014 (12) TMI 1065X X X X Extracts X X X X X X X X Extracts X X X X ..... LTD vs. The Income Tax Settlement Commission [2014 (1) TMI 1090 - BOMBAY HIGH COURT] even if it is assumed that the submission is correct, the submissions cannot be accepted that it should be read with retrospective effect particularly when the amendments of 2014 is specifically made effective from 1 October 2014 - the order under challenge has to be examined in the light of the law in force at th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessment years ranging from Assessment Year 2005-06 to 2012-13 were considered while admitting the applications for settlement for some years, rejected the applications for settlement for the other years. 2) The impugned order rejected the applications for settlement for some of the assessment years filed by the petitioners was on the ground that there were no pending proceeding for those Asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order under the Act has expired. Yet only on the possibility/likelihood of the reassessment notice being issued in future would enable the assessee to approach the Settlement Commission for settlement. We have not examined the merits of the aforesaid submissions. This is for the reason that even if it is assumed that the submission is correct, we do not accept the submissions that the same should ..... X X X X Extracts X X X X X X X X Extracts X X X X
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