Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Procedure on applications under section 245C: deemed allowance, notice, reports, orders and payment obligations govern settlements. On receipt of an application under section 245C the Settlement Commission must issue notice, hear the applicant and within prescribed periods reject or allow the application (or it will be deemed allowed if no order is passed); copies of orders go to the applicant and the Principal Commissioner/Commissioner. If allowed, the Commission may call records and reports, direct further enquiry, hear parties, and pass orders setting settlement terms, payment manner and safeguards against fraud, subject to statutory time-limits and post-order rectification and interest provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Procedure on applications under section 245C: deemed allowance, notice, reports, orders and payment obligations govern settlements.
On receipt of an application under section 245C the Settlement Commission must issue notice, hear the applicant and within prescribed periods reject or allow the application (or it will be deemed allowed if no order is passed); copies of orders go to the applicant and the Principal Commissioner/Commissioner. If allowed, the Commission may call records and reports, direct further enquiry, hear parties, and pass orders setting settlement terms, payment manner and safeguards against fraud, subject to statutory time-limits and post-order rectification and interest provisions.
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