Where the assessee filed applications for settlement of cases under section 245C and complied with provisions of section 245D(2D) by paying additional tax and interest on disclosed income as required, the order declaring abatement of the assessee’s applications was erroneous and contrary to provisions of section 245D(2D).(AY. 2002-03 to 2004-05 )
Mahesh Gupta v. ITSC [2024] 461 ITR 267 (Bom HC)
S. 245D : Settlement Commission-Settlement of cases-Procedure-Assessee paid taxes on own calculations-Compliance of the provisions of section 245D (2D)-No abatement-Matter remanded to Interim Board. [S. 245AA 245C,245D(2D), 245HA(1)(ii), Art.226]