Certain Individuals Ineligible for Dispute Resolution Under Section 245MA of Income Tax Act Due to Legal Constraints

Individuals not eligible for dispute resolution under section 245MA of the Income Tax Act include those detained under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974, unless specific conditions for revocation are met. Additionally, individuals convicted under various acts such as the Indian Penal Code, Unlawful Activities (Prevention) Act, and others, or those prosecuted by income-tax authorities, are ineligible. Persons notified under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992, and those with proceedings under the Black Money Act, 2015, for the relevant assessment year, are also excluded.