ITSC has Sufficient Jurisdiction: Delhi HC upholds Additions u/s 132 of Income Tax Act [Read Order]

The Delhi High Court upheld the jurisdiction of the Income Tax Settlement Commission (ITSC) to make additions under Section 132 of the Income Tax Act. The case involved a taxpayer challenging the ITSC's jurisdiction to enhance assessments beyond seized materials. The court ruled that the ITSC has sufficient jurisdiction to adjudicate on such matters, rejecting the taxpayer's contention. This decision reaffirms the ITSC's authority to consider additional evidence beyond seized materials during settlement proceedings under the Income Tax Act.