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of <h1>Income-tax Act Section 245D Amended: New Rules on Tax Fraud Objections and Settlement Commission's Authority to Proceed.</h1> Section 245D of the Income-tax Act has been amended by the Finance Act, 1979. The second proviso in sub-section (1) is omitted. A new sub-section (1A) is introduced, stating that an application cannot proceed if the Commissioner objects due to established or likely concealment of income or fraud by the applicant to evade tax. However, if the Settlement Commission disagrees with the Commissioner's objection, it may allow the application to proceed after hearing the Commissioner and issue an order to that effect.
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