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)
Credit for tax paid applies when settlement applications are abated or disallowed, allowing credit for tax and interest paid. Where a settlement application under section 245C is rejected, declared invalid, not allowed to proceed, or an order is not passed within the specified time, the Assessing Officer shall allow credit for the tax and interest paid on or before the date of making the application or during the pendency of the case before the Settlement Commission.
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.
Credit for tax paid applies when settlement applications are abated or disallowed, allowing credit for tax and interest paid.
Where a settlement application under section 245C is rejected, declared invalid, not allowed to proceed, or an order is not passed within the specified time, the Assessing Officer shall allow credit for the tax and interest paid on or before the date of making the application or during the pendency of the case before the Settlement Commission.
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