Standard Operating Procedure in relation to proceedings u/s 245D(2C)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sion, Principal Bench & all Additional Benches New Delhi/Mumbai/Kolkata/Chennai Madan/Sir Sub : Standard Operating Procedure in relation to proceedings u/s 245D(2C) - reg. Section 245D(2B) lays down that, after the admission of a settlement application u/s 245D(1) of the Income Tax Act, 1961, the ITSC shall call for a report from the CIT, within 30 days of the date of receipt of such appli....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....thin the time allowed but does not object to the admission of the application, c) The CIT submits the report after the expiry of the time allowed objecting to the admission of the application and requesting it to be declared as invalid. d) The CIT submits the report after the expiry of the time allowed but does not object to the admission of the application, e) The CIT fails to submit any re....