varshith7/income-tax-act-india huggingface dataset:
Income Tax Act, 2025
Section 10: Ins. by Act 3 of 1989, s. 34 (w.e.f. 11989).
10. Ins. by Act 3 of 1989, s. 34 (w.e.f. 11989).
11. Subs. by Act 21 of 2006, s. 47, for “after the end of each financial year” (w.e.f. 12006).
12. Subs. by Act 23 of 2004, s. 50, for “prepare half-yearly returns of the period ending on the 30thSeptmebt and 31st March
in each financial year” (w.e.f. 12004).
Income Tax Act, 2025
Section 2: Subs. by s. 50, ibid., for sub-sections (5B) and (5C) (w.e.f. . 12005).
2. Subs. by s. 50, ibid., for sub-sections (5B) and (5C) (w.e.f. . 12005).
and
(w.e.f. . 12005).
Income Tax Act, 2025
Section 5: Ins. by Act 23 of 2012, s. 81 (w.e.f. 12012).
5. Ins. by Act 23 of 2012, s. 81 (w.e.f. 12012).
6. The words “, other than a person referred to in sub-section (1D),” omitted by Act 7 of 2017, s. 72 (w.e.f. 12017).
Income Tax Act, 2025
Section 3: Sub-clause (ii) omitted by Act 7 of 2017, s. 72 (w.e.f. 12017).
3. Sub-clause (ii) omitted by Act 7 of 2017, s. 72 (w.e.f. 12017).
omitted by Act 7 of 2017, s. 72 (w.e.f. 12017).
Income Tax Act, 2025
Section 1: Ins. by Act 7 of 2017, s. 73 (w.e.f. 12017).
1. Ins. by Act 7 of 2017, s. 73 (w.e.f. 12017).
2. Subs. by Act 4 of 1988, s. 76, for sections 207 and 208 (w.e.f. 11988). Earlier amended by Act 16 of 1972, s. 33 (w.e.f.
11972).
3. Section207 renumbered as sub-section (1) thereof by Act 23 of 2012, s. 82 (w.e.f. 12012).
thereof by Act 23 of 2012, s. 82 (w.e.f. 12012).
Income Tax Act, 2025
Section 1: Subs. by Act 4 of 1988, s. 77, for sub-section (1) (w.e.f. 11988).
1. Subs. by Act 4 of 1988, s. 77, for sub-section (1) (w.e.f. 11988).
(w.e.f. 11988).
Income Tax Act, 2025
Section 1: Ins. by Act 20 of 1974, s. 11 (w.e.f. 11974).
1. Ins. by Act 20 of 1974, s. 11 (w.e.f. 11974).
2. Subs. by Act 4 of 1988, s. 77, for “where the assessee sends a statement under sub-section (1) of section 209A or where
the Income-tax Officer makes an order under sub-section (1) or sub-section (3) of section 210” (w.e.f. 11988).
of section 209A or where
the Income-tax Officer makes an order under sub-section
or sub-section
of section 210” (w.e.f. 11988).
Income Tax Act, 2025
Section 4: Subs. by Act 67 of 1984, s. 35, for sub-section (1A) (w.e.f. 11985).
4. Subs. by Act 67 of 1984, s. 35, for sub-section (1A) (w.e.f. 11985).
(w.e.f. 11985).
Income Tax Act, 2025
Section 3: Subs. by Act 42 of 1970, s. 37, for sub-section (2) (w.e.f. 11971).
3. Subs. by Act 42 of 1970, s. 37, for sub-section (2) (w.e.f. 11971).
(w.e.f. 11971).
Income Tax Act, 2025
Section 4: Subs. by Act 67 of 1984, s. 36, for sub-section (3) (w.e.f. 11985).
4. Subs. by Act 67 of 1984, s. 36, for sub-section (3) (w.e.f. 11985).
(w.e.f. 11985).
Income Tax Act, 2025
Section 2: Subs. by Act 14 of 1969, s. 19, for clause (a) (w.e.f. 11970).
2. Subs. by Act 14 of 1969, s. 19, for clause (a) (w.e.f. 11970).
3. Subs. by Act 19 of 1978, s. 28, for “sub-section (1) or sub-section (2) or sub-section (3) or sub-section (3A) of section
212” (w.e.f. 11978).
4. Subs. by Act 67 of 1984, s. 24, for “twelve per cent.” (w.e.f. 11984). Earlier the quoted words were substituted by
Act 16 of 1972, s. 25 for “nine per cent.” (w.e.f. 11972).
(w.e.f. 11970).
3. Subs. by Act 19 of 1978, s. 28, for “sub-section
or sub-section
or sub-section
or sub-section
of section
212” (w.e.f. 11978).
4. Subs. by Act 67 of 1984, s. 24, for “twelve per cent.” (w.e.f. 11984). Earlier the quoted words were substituted by
Act 16 of 1972, s. 25 for “nine per cent.” (w.e.f. 11972).
Income Tax Act, 2025
Section 5: Subs. by Act 14 of 1969, s. 20, for sub-section (1) (w.e.f. 11970).
5. Subs. by Act 14 of 1969, s. 20, for sub-section (1) (w.e.f. 11970).
6. Subs. by Act 19 of 1978, s. 29, for “the Income-tax Officer finds that any such person as is referred to in sub-section (3)
of section 212 has not sent the estimate referred to therein, simple interest at the rate of twelve per cent. per annum”
(w.e.f. 11978).
(w.e.f. 11970).
6. Subs. by Act 19 of 1978, s. 29, for “the Income-tax Officer finds that any such person as is referred to in sub-section
of section 212 has not sent the estimate referred to therein, simple interest at the rate of twelve per cent. per annum”
(w.e.f. 11978).
Income Tax Act, 2025
Section 4: Subs. by s. 2, ibid.,for “Income-tax Officer” (w.e.f. 11988).
4. Subs. by s. 2, ibid.,for “Income-tax Officer” (w.e.f. 11988).
5. Subs. by Act 21 of 1998, s. 3, for “Deputy Commissioner” (w.e.f. 11998). Earlier the quoted words were substituted
by Act 4 of 1988, s. 2, for “Inspecting Assistant Commissioner” (w.e.f. 11988).
Income Tax Act, 2025
Section 9: Subs. by s. 4, ibid.,for “Commisssioner” (w.r.e.f. 12013).
9. Subs. by s. 4, ibid.,for “Commisssioner” (w.r.e.f. 12013).
10. Subs. by Act 46 of 1986, s. 13, for “interest payable by an assessee” (w.r.e.f. 11984).
11. Subs. by s. 13, ibid.,for “on the recommendation made by the Commissioner in this behalf, if is satisfied” (w.e.f. 1
1987).
Income Tax Act, 2025
Section 1: Subs. by Act 42 of 1970, s. 38, for sub-section (1) (w.e.f. 11971).
1. Subs. by Act 42 of 1970, s. 38, for sub-section (1) (w.e.f. 11971).
(w.e.f. 11971).
Income Tax Act, 2025
Section 225: Stay of proceedings in pursuance of certificate and amendment or cancellation
225. Stay of proceedings in pursuance of certificate and amendment or cancellation
thereof.—(1) It shall be lawful for the Tax Recovery Officer to grant time for the payment of any tax and
when he does so, he shall stay the proceedings for the recovery of such tax until the expiry of the time so
granted.
(2) Where the order giving rise to a demand of tax for which a certificate has been drawn up is
modified in appeal or other proceeding under this Act, and, as a consequence thereof, the demand is
reduced but the order is the subject-matter of further proceeding under this Act, the Tax Recovery Officer
shall stay the recovery of such part of the amount specified in the certificate as pertains to the said
reduction for the period for which the appeal or other proceeding remains pending.
(3) Where a certificate has been drawn up and subsequently the amount of the outstanding demand is
reduced as a result of an appeal or other proceeding under this Act, the Tax Recovery Officer shall, when
the order which was the subject-matter of such appeal or other proceeding has become final and
conclusive, amend the certificate, or cancel it, as the case may be.]
It shall be lawful for the Tax Recovery Officer to grant time for the payment of any tax and
when he does so, he shall stay the proceedings for the recovery of such tax until the expiry of the time so
granted.
Where the order giving rise to a demand of tax for which a certificate has been drawn up is
modified in appeal or other proceeding under this Act, and, as a consequence thereof, the demand is
reduced but the order is the subject-matter of further proceeding under this Act, the Tax Recovery Officer
shall stay the recovery of such part of the amount specified in the certificate as pertains to the said
reduction for the period for which the appeal or other proceeding remains pending.
Where a certificate has been drawn up and subsequently the amount of the outstanding demand is
reduced as a result of an appeal or other proceeding under this Act, the Tax Recovery Officer shall, when
the order which was the subject-matter of such appeal or other proceeding has become final and
conclusive, amend the certificate, or cancel it, as the case may be.]
Income Tax Act, 2025
Section 1: Subs. by Act 4 of 1988, s. 88, for sub-section (1) (w.e.f. 11989).
1. Subs. by Act 4 of 1988, s. 88, for sub-section (1) (w.e.f. 11989).
(w.e.f. 11989).
Income Tax Act, 2025
Section 3: Subs. by Act 10 of 1965, s. 54, for sub-section (5) (w.e.f. 11965).
3. Subs. by Act 10 of 1965, s. 54, for sub-section (5) (w.e.f. 11965).
(w.e.f. 11965).
Income Tax Act, 2025
Section 5: Ins. by Act 3 of 1989, s. 38 (w.e.f. 11989).
5. Ins. by Act 3 of 1989, s. 38 (w.e.f. 11989).
6. Subs. by Act 54 of 2003, s. 12, for “one and one-fourth per cent.” (w.e.f. 82003).Earlier substitution by Act 27 of 1999,
s. 81 (w.e.f. 11999).
Income Tax Act, 2025
Section 7: Ins. by 32 of 2003, s. 89 (w.e.f 12003).
7. Ins. by 32 of 2003, s. 89 (w.e.f 12003).
8. Subs. by Act 3 of 1989, s. 38, for “income determined on the basis of the earlier assessment aforesaid” (w.e.f. 11989).
Income Tax Act, 2025
Section 2: Subs. by s. 57, ibid., for sub-section (3) (w.e.f. 12015).
2. Subs. by s. 57, ibid., for sub-section (3) (w.e.f. 12015).
3. The words, brackets, figures and letter “or an order of the Settlement Commission under sub-section (4) of section 245D”
omitted by s. 57, ibid (w.e.f. 12015).
695
(w.e.f. 12015).
3. The words, brackets, figures and letter “or an order of the Settlement Commission under sub-section
of section 245D”
omitted by s. 57, ibid (w.e.f. 12015).
695
Income Tax Act, 2025
Section 2: Subs. by Act 28 of 2016, s. 91, for clause (a) (w.e.f. 12016).
2. Subs. by Act 28 of 2016, s. 91, for clause (a) (w.e.f. 12016).
3. Subs. by Act 7 of 2017, s. 75, for “an eligible assessee in respect of the eligible business referred to in section 44AD”
(w.e.f. 12017).
(w.e.f. 12016).
3. Subs. by Act 7 of 2017, s. 75, for “an eligible assessee in respect of the eligible business referred to in section 44AD”
(w.e.f. 12017).
Income Tax Act, 2025
Section 4: Subs. by Act 28 of 2016, s. 91, for certain words (w.e.f. 12016).
4. Subs. by Act 28 of 2016, s. 91, for certain words (w.e.f. 12016).
5. Subs. by Act 7 of 2017, s. 75, for “an eligible assessee in respect of the eligible business referred to in section 44AD”
(w.e.f. 12017).
Income Tax Act, 2025
Section 2: Ins. by Act 7 of 2017, s. 75 (w.e.f. 12017).
2. Ins. by Act 7 of 2017, s. 75 (w.e.f. 12017).
3. Subs. by Act 33 of 1996, s. 54, for “instalment of advance tax which is immediately due or where no such instalment is so
due” (w.e.f. 11997).
Income Tax Act, 2025
Section 2: Subs. by Act 54 of 2003, s. 15, for “two-third per cent.” (w.e.f. 82003).
2. Subs. by Act 54 of 2003, s. 15, for “two-third per cent.” (w.e.f. 82003).
3. The Explanation numbered as Explanation 1 by Act 23 of 2012, s. 88 (w.e.f. 12003).
Income Tax Act, 2025
Section 5: Ins. by s. 89, ibid. (w.e.f. 12012).
5. Ins. by s. 89, ibid. (w.e.f. 12012).
698
1[234F. Fee for default in furnishing return of income.—(1) Without prejudice to the provisions of
this Act, where a person required to furnish a return of income under section 139, fails to do so within the
time prescribed in sub-section (1) of the said section, he shall pay, by way of fee, a sum of,—
(a) five thousand rupees, if the return is furnished on or before the 31st day of December of the
assessment year;
(b) ten thousand rupees in any other case:
Provided that if the total income of the person does not exceed five lakh rupees, the fee payable
under this section shall not exceed one thousand rupees.
(2) The provisions of this section shall apply in respect of return of income required to be furnished
for the assessment year commencing on or after the 1st day of April, 2018.]
CHAPTER XVIII
RELIEF RESPECTING TAX ON DIVIDENDS IN CERTAIN CASES
Without prejudice to the provisions of
this Act, where a person required to furnish a return of income under section 139, fails to do so within the
time prescribed in sub-section
of the said section, he shall pay, by way of fee, a sum of,—
five thousand rupees, if the return is furnished on or before the 31st day of December of the
assessment year;
ten thousand rupees in any other case:
Provided that if the total income of the person does not exceed five lakh rupees, the fee payable
under this section shall not exceed one thousand rupees.
The provisions of this section shall apply in respect of return of income required to be furnished
for the assessment year commencing on or after the 1st day of April, 2018.]
CHAPTER XVIII
RELIEF RESPECTING TAX ON DIVIDENDS IN CERTAIN CASES
Income Tax Act, 2025
Section 5: Ins. by Act 31 of 1964, s. 11(w.e.f. 11964).
5. Ins. by Act 31 of 1964, s. 11(w.e.f. 11964).
6. Subs. by Act 11 of 1987, s. 74, for “In the case of an institution or fund referred to in clause (iii) of sub-section (2) of
section 104” (w.e.f. 11988).
of sub-section
of
section 104” (w.e.f. 11988).
Income Tax Act, 2025
Section 7: Subs. by Act 13 of 1966, s. 28, for “1st day of April, 1964” (w.e.f. 11966).
7. Subs. by Act 13 of 1966, s. 28, for “1st day of April, 1964” (w.e.f. 11966).
8. Subs. by Act 11 of 1987, s. 74, for “by such a company as is referred to in the said clause” (w.e.f. 11988).
Income Tax Act, 2025
Section 3: Subs. by Act 19 of 1968, s. 18, for sub-section (2) (w.e.f. 11968).
3. Subs. by Act 19 of 1968, s. 18, for sub-section (2) (w.e.f. 11968).
(w.e.f. 11968).
Income Tax Act, 2025
Section 243: Interest on delayed refunds.—3[(1) If the 4[Assessing Officer] does not grant the
243. Interest on delayed refunds.—3[(1) If the 4[Assessing Officer] does not grant the
refund,—
(a) in any case where the total income of the assessee does not consist solely of income from
interest on securities or dividends, within three months from the end of the month in which the total
income is determined under this Act, and
(b) in any other case, within three months from the end of the month in which the claim for
refund is made under this Chapter,
the Central Government shall pay the assessee simple interest at 5[fifteen per cent.] per annum on the
amount directed to be refunded from the date immediately following the expiry of the period of three
months aforesaid to the date of the order granting the refund.
Explanation.—If the delay in granting the refund within the period of three months aforesaid is
attributable to the assessee, whether wholly or in part, the period of the delay attributable to him shall be
excluded from the period for which interest is payable.]
(2) Where any question arises as to the period to be excluded for the purposes of calculation of
interest under the provisions of this section, such question shall be determined by the 6[7[Principal Chief
Commissioner or Chief Commissioner] or 8[Principal Commissioner or Commissioner]] whose decision
shall be final.
9[(3) The provisions of this section shall not apply in respect of any assessment for the assessment
year commencing on the 1st day of April, 1989 or any subsequent assessment years.]
If the 4[Assessing Officer] does not grant the
refund,—
in any case where the total income of the assessee does not consist solely of income from
interest on securities or dividends, within three months from the end of the month in which the total
income is determined under this Act, and
in any other case, within three months from the end of the month in which the claim for
refund is made under this Chapter,
the Central Government shall pay the assessee simple interest at 5[fifteen per cent.] per annum on the
amount directed to be refunded from the date immediately following the expiry of the period of three
months aforesaid to the date of the order granting the refund.
Explanation.—If the delay in granting the refund within the period of three months aforesaid is
attributable to the assessee, whether wholly or in part, the period of the delay attributable to him shall be
excluded from the period for which interest is payable.]
Where any question arises as to the period to be excluded for the purposes of calculation of
interest under the provisions of this section, such question shall be determined by the 6[7[Principal Chief
Commissioner or Chief Commissioner] or 8[Principal Commissioner or Commissioner]] whose decision
shall be final.
9[
The provisions of this section shall not apply in respect of any assessment for the assessment
year commencing on the 1st day of April, 1989 or any subsequent assessment years.]
Income Tax Act, 2025
Section 3: Subs. by Act 42 of 1970, s. 42, for sub-section (1) (w.e.f. 11971).
3. Subs. by Act 42 of 1970, s. 42, for sub-section (1) (w.e.f. 11971).
(w.e.f. 11971).
Income Tax Act, 2025
Section 1: Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
1. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 11988).
2. Subs. by Act 42 of 1970, s. 43, for “six months from the date of such order” (w.e.f. 11971).
Income Tax Act, 2025
Section 3: Subs. by Act 67 of 1984, s. 24, for “twelve per cent.” (w.e.f. 11984).
3. Subs. by Act 67 of 1984, s. 24, for “twelve per cent.” (w.e.f. 11984).
4. Subs. by Act 42 of 1970, s. 43, for “the period of six moths aforesaid” (w.e.f. 11971).
Income Tax Act, 2025
Section 2: Ins. by s. 98, ibid. (w.e.f. 11989).
2. Ins. by s. 98, ibid. (w.e.f. 11989).
3. Subs. by Act 3 of 1989, s. 41, for “Where, in pursuance of any order passed under this Act, refund of any amount
becomes due to the assessee” (w.e.f. 11989).
Income Tax Act, 2025
Section 6: Clause (ii) omitted by Act 14 of 2010, s. 45 (w.e.f. 12010).
6. Clause (ii) omitted by Act 14 of 2010, s. 45 (w.e.f. 12010).
omitted by Act 14 of 2010, s. 45 (w.e.f. 12010).
Income Tax Act, 2025
Section 8: Ins. by Act 14 of 2010, s. 45 (w.e.f. 12010).
8. Ins. by Act 14 of 2010, s. 45 (w.e.f. 12010).
9. Subs. by Act 25 of 2014, s. 65, for “clause (i) or clause (iv) of the proviso or clause (iiia) of the Explanation”
(w.e.f. 12014).
10. Subs. by Act 20 of 2015, s. 58, for “from the 1st day of the assessment year and concluded on the date on which the
assessment is made” (w.e.f. 12015).
11. Subs. by Act 7 of 2017, s. 79, for “two years from the end of the relevant assessment year” (w.e.f. 12017).
706
(d) “income-tax authority” means an income-tax authority specified in section 116;
(e) “Member” means a Member of the Settlement Commission, and includes the Chairman and a
Vice-Chairman;
(f) “Settlement Commission” means the Income-tax Settlement Commission constituted
under section 245B;
(g) “Vice-Chairman” means a Vice-Chairman of the Settlement Commission 1[and includes a
Member who is senior amongst the Members of a Bench].]
or clause
of the proviso or clause
of the Explanation”
(w.e.f. 12014).
10. Subs. by Act 20 of 2015, s. 58, for “from the 1st day of the assessment year and concluded on the date on which the
assessment is made” (w.e.f. 12015).
11. Subs. by Act 7 of 2017, s. 79, for “two years from the end of the relevant assessment year” (w.e.f. 12017).
706
“income-tax authority” means an income-tax authority specified in section 116;
“Member” means a Member of the Settlement Commission, and includes the Chairman and a
Vice-Chairman;
“Settlement Commission” means the Income-tax Settlement Commission constituted
under section 245B;
“Vice-Chairman” means a Vice-Chairman of the Settlement Commission 1[and includes a
Member who is senior amongst the Members of a Bench].]
Income Tax Act, 2025
Section 1: Ins. by Act 22 of 2007, s. 62 (w.e.f. 12007).
1. Ins. by Act 22 of 2007, s. 62 (w.e.f. 12007).
2. The brackets and words ‘(hereafter in this Chapter referred to as “the Settlement Commission”)’ omitted by Act 11 of
1987, s. 58 (w.e.f. 11987).
Income Tax Act, 2025
Section 6: Subs. by Act 67 of 1984, s. 40 for sub-section (1) (w.e.f. 11984).
6. Subs. by Act 67 of 1984, s. 40 for sub-section (1) (w.e.f. 11984).
(w.e.f. 11984).
Income Tax Act, 2025
Section 3: Subs. by Act 11 of 1987, s. 60 for sub-sections (IB) or (IC) (w.e.f. 11987).
3. Subs. by Act 11 of 1987, s. 60 for sub-sections (IB) or (IC) (w.e.f. 11987).
4. Subs. by 22 of 2007, s. 63, for sub-section (IB) (w.e.f. 12007). Earlier it was substituted by Act 11 of 1987, s. 60
(w.e.f. 11987).
or
(w.e.f. 11987).
4. Subs. by 22 of 2007, s. 63, for sub-section
(w.e.f. 12007). Earlier it was substituted by Act 11 of 1987, s. 60
(w.e.f. 11987).
Income Tax Act, 2025
Section 5: Clause (c) omitted by Act 22 of 2007, s. 63 (w.e.f. 12007).
5. Clause (c) omitted by Act 22 of 2007, s. 63 (w.e.f. 12007).
omitted by Act 22 of 2007, s. 63 (w.e.f. 12007).
Income Tax Act, 2025
Section 6: Sub-section (1E) omitted by Act 94 of 2002, s. 94 (w.e.f. 12002).
6. Sub-section (1E) omitted by Act 94 of 2002, s. 94 (w.e.f. 12002).
omitted by Act 94 of 2002, s. 94 (w.e.f. 12002).
Income Tax Act, 2025
Section 1: Subs. by Act 22 of 2007, s. 64, for sub-section (1) (w.e.f. 12007).
1. Subs. by Act 22 of 2007, s. 64, for sub-section (1) (w.e.f. 12007).
(w.e.f. 12007).
Income Tax Act, 2025
Section 2: Sub-section (1A) omitted by Act 49 of 1991, s. 66 (w.e.f. 271991).
2. Sub-section (1A) omitted by Act 49 of 1991, s. 66 (w.e.f. 271991).
omitted by Act 49 of 1991, s. 66 (w.e.f. 271991).
Income Tax Act, 2025
Section 4: Ins. by Act 26 of 1988, s. 42 (w.e.f. 11988).
4. Ins. by Act 26 of 1988, s. 42 (w.e.f. 11988).
5. The words “, so, however, that the total period of extension shall not in any case exceed two years” omitted by
Act 22 of 2007, s. 65 (w.e.f. 12008).
714
Income Tax Act, 2025
Section 4: Ins. by s. 67, ibid. (w.e.f. 12007).
4. Ins. by s. 67, ibid. (w.e.f. 12007).
5. The words “or by way of advance tax” omitted by the 11 of 1987, s. 63 (w.e.f. 11987).
Income Tax Act, 2025
Section 6: Subs. by Act 46 of 1986, s. 17, for sub-section (5) (w.e.f. 101986).
6. Subs. by Act 46 of 1986, s. 17, for sub-section (5) (w.e.f. 101986).
(w.e.f. 101986).
Income Tax Act, 2025
Section 1: Ins. by Act 20 of 2015, s. 60 (w.e.f. 12015).
1. Ins. by Act 20 of 2015, s. 60 (w.e.f. 12015).
2. Subs. by Act 67 of 1984, s. 43, for “and also from the imposition of any penalty” (w.e.f. 11984).
Income Tax Act, 2025
Section 1: Ins. by Act 20 of 2015, s. 61 (w.e.f. 12015).
1. Ins. by Act 20 of 2015, s. 61 (w.e.f. 12015).
717
245-I. Order of settlement to be conclusive.—Every order of settlement passed under sub-section
(4) of section 245D shall be conclusive as to the matters stated therein and no matter covered by such
order shall, save as otherwise provided in this Chapter, be reopened in any proceeding under this Act or
under any other law for the time being in force.
of section 245D shall be conclusive as to the matters stated therein and no matter covered by such
order shall, save as otherwise provided in this Chapter, be reopened in any proceeding under this Act or
under any other law for the time being in force.
Income Tax Act, 2025
Section 2: Subs. by Act 22 of 2007, s. 70, for section 245K (w.e.f. 12007).
2. Subs. by Act 22 of 2007, s. 70, for section 245K (w.e.f. 12007).
3. Subs. by Act 20 of 2015, s. 62, for “he shall not be entitled to apply” (w.e.f. 12015).
Income Tax Act, 2025
Section 5: Ins. by s. 62, ibid. (w.e.f. 12015).
5. Ins. by s. 62, ibid. (w.e.f. 12015).
718
(iii) where such person is a firm or association of persons or body of individuals, any individual
who was entitled to more than fifty per cent of the profits in such firm, association of persons or body
of individuals, at any time before the date of application before the Settlement Commission by such
person;
(iv) where such person is a Hindu undivided family, the karta of that Hindu undivided family.]
245L. Proceedings before Settlement Commission to be judicial proceedings.—Any proceeding
under this Chapter before the Settlement Commission shall be deemed to be a judicial proceeding within
the meaning of sections 193 and 228, and for the purposes of section 196, of the Indian Penal Code (45 of
1860).
where such person is a firm or association of persons or body of individuals, any individual
who was entitled to more than fifty per cent of the profits in such firm, association of persons or body
of individuals, at any time before the date of application before the Settlement Commission by such
person;
where such person is a Hindu undivided family, the karta of that Hindu undivided family.]
245L. Proceedings before Settlement Commission to be judicial proceedings.—Any proceeding
under this Chapter before the Settlement Commission shall be deemed to be a judicial proceeding within
the meaning of sections 193 and 228, and for the purposes of section 196, of the Indian Penal Code (45 of
1860).
Income Tax Act, 2025
Section 245M: Certain persons who have filed appeals to the Appellate Tribunal entitled to make
245M. Certain persons who have filed appeals to the Appellate Tribunal entitled to make
applications to the Settlement Commission.—[Omitted by the Finance Act11of1987 s. 67, (w.e.f. 1
1987).]
1[CHAPTER XIX-B
ADVANCE RULINGS