Section 245 of the Income Tax Act aids in resolving complex tax disputes, offering relief from penalties and prosecution.

Validity of settlement commission order - It is no doubt true that Section 245 was inserted into the provisions of the Income Tax Act for an early resolution of complicated tax disputes, where the assessee gets relief, more particularly from penalty and prosecution. However, to be entitled for such a remedy, the conduct of the assessee is primordial. - HC .....

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