Tag Archives: section 245D

Settlement application not valid if self-assessment tax not paid

By | January 29, 2016

Held we uphold the contentions of the Revenue by holding that the assessee had not paid the self-assessment tax in the return of income under Section 153-A and 143(2) of the Act for the assessment years 2007-08 to 2012-13, the application was not valid and quashed the order dated 26.05.2014 (Annexure R/4) passed by the… Read More »

No settlement application under section 245 if taxes and interest not paid

By | November 3, 2015

Assessee had not paid requisite amount of taxes and interest on revised undisclosed income on or before specified date, settlement application filed by assessee under section 245D stood abated HIGH COURT OF GUJARAT Grahshilpa Construction (P.) Ltd. v. Income-tax Officer MS. HARSHA DEVANI AND MS. SONIA GOKANI, JJ. SPECIAL CIVIL APPLICATION NO. 9037 OF 2014… Read More »