Commissioner Of Income Tax vs Hindustan Bulk Carriers

The case concerns the determination of the starting point for the payment of interest arising from an order issued by the Settlement Commission. The Supreme Court had to determine whether the specific legal questions raised in these appeals were covered by a previous Constitution Bench ruling in the case of Anjum M.H. Ghaswala. The Court observed that while the Ghaswala judgment defined the scope and powers of the Settlement Commission, it did not resolve the specific issue of interest commencement present in this matter.