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Income Tax - Highlights / Catch Notes

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Validity of Settlement Commission proceeding - Once there is a ...


Settlement Commission Proceedings Invalidated Over Improper Declaration Under Income Tax Act Section 245D.

November 7, 2023

Case Laws     Income Tax     HC

Validity of Settlement Commission proceeding - Once there is a clear finding recorded that there was a failure on the part of the petitioners to make proper declaration as is contemplated Section 245D of the Income Tax Act, 1961, question of the first respondent, Settlement Commission proceeding further cannot be countenanced. - HC

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