Settlement Commission

  • Income Tax

CBDT notifies e-Settlement Scheme 2021 transferred to an Interim Board

e-settlement Scheme under Income Tax Act Under section 245D the Central Government is authorised to notify a scheme, for the…

2 years ago
  • Income Tax

CBDT constitutes seven Interim Boards for Settlement of pending applications u/s 245A

CBDT constitutes seven Interim Boards for Settlement of pending applications u/s 245A MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT…

3 years ago
  • Income Tax

CBDT prescribes Procedure for exercise of option u/s 245M(1) & intimation thereof to AO in Form No. 34BB

CBDT prescribes Procedure for exercise of option u/s 245M(1) and intimation thereof to AO by furnishing and upload of Form…

3 years ago
  • Income Tax

Option to withdraw pending application u/s 245M(1) before settlement commission to be in Form No. 34BB

Option to withdraw pending application u/s 245M(1) before settlement commission to be in Form No. 34BB. The Income-tax Settlement Commission…

3 years ago
  • Income Tax

Chairman/VC of Settlement Commission entitled to claim compensation not exceeding 3 months pay for premature termination

Chairman/Vice-Chairman of Settlement Commission entitled to claim compensation not exceeding three months' pay and allowances for the premature termination of…

3 years ago
  • Income Tax

Order of Settlement Commission passed stating non examining of records upheld

Order of Settlement Commission passed stating non examining of records upheld. Just an isolated sentence can’t be allowed to defeat…

4 years ago
  • Income Tax

Income offered before the Settlement Commission, cannot be taxed again u/s 143(3) – ITAT

Income offered and taxed in the proceedings before the Settlement Commission, cannot be taxed again in the proceedings u/s 143(3)…

5 years ago
  • Income Tax

Revision of settlement application u/s 245C(1) offering higher amount not permissible

Revision of settlement application u/s 245C(1) offering another higher amount not allowed as assessee has to make full and true…

5 years ago
  • Income Tax

Settlement Commission not precluded from proceeding despite non disclosure of prosecution

Settlement Commission not precluded from proceeding despite non disclosure of prosecution for the period in question as pre-requisites not require…

5 years ago
  • Income Tax

Simply because Settlement Commission’s order not liked by ITD, it would not invite action by High Court

Simply because order of Settlement Commission was not liked by department, it would not invite different opinion by the High…

5 years ago