No Interference with Order by Income Tax Settlement Commission Unless Contrary to Law or involves Bias, Fraud, or Malice: Madras HC

The Madras High Court has ruled that there should be no interference with an order passed by the Income Tax Settlement Commission unless it is contrary to law or involves bias, fraud, or malice. This decision underscores the high legal sanctity accorded to orders from the Settlement Commission, a specialized body for dispute resolution. The court's stance indicates that judicial review of such orders is limited, focusing only on fundamental legal infirmities or grave procedural misconduct. This promotes finality in tax settlements and encourages taxpayers to utilize this mechanism without fear of easy judicial re-litigation.