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Showing contexts for: para wise reply in Bindlas Duplux Ltd. vs Principal Commissioner Of Income Tax ... on 17 May, 2017Matching Fragments
12. To the above report, the Petitioner submitted a para-wise reply on 11th May 2016. The impugned order dated 13th May 2016 of the ITSC held that "no clinching and direct evidence has been placed on record by the Department upto this stage before us to come to the conclusion that the Applicant has not made true and full disclosure of its income in the settlement application." It was stated that most of the issues raised by Respondent No. 1 in his report "need further verification/inquiry which can be taken up in the later proceedings." Accordingly, six applications were allowed to be proceeded with further within the meaning of Section 245D (2C) of the Act.