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TypeBare Act JurisdictionCentral Government

Finance Act, 2007 Section 245K

For section 245K of the Income-tax Act, the following section shall be substituted with effect from the 1st day of

~1 min read
https://sooperkanoon.com/act/455729

Bare act section · Research

About this section

Finance Act, 2007 Section 245K is part of Finance Act, 2007 - For section 245K of the Income-tax Act, the following section shall be substituted with effect from the 1st day of. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Where-

(i) an order of settlement passed under sub-section (4) of section 245D provides for the imposition of a penalty on the person who made the application under section 245C for settlement, on the ground of concealment of particulars of his income; or (ii) after the passing of an order of settlement under the said sub-section (4) in relation to a case, such person is convicted of any offence under Chapter XXII in relation to that case; or (iii) the case of such person was sent back to the Assessing Officer by the Settlement Commission on or before the 1st day of June, 2002, then, he shall not be entitled to apply for settlement under section 245C in relation to any other matter.

(2) Where a person has made an application under section 245C on or after the 1st day of June, 2007 and if such application has been allowed to be proceeded with under sub-section (1) of section 245D, such person shall not be subsequently entitled to make an application under section 245C".

Frequently asked questions

What does Finance Act, 2007 Section 245K provide?

Section Section 245K of the Finance Act, 2007 (For section 245K of the Income-tax Act, the following section shall be substituted with effect from the 1st day of) is reproduced on this page as part of the Finance Act, 2007. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2007 Section 245K?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2007 Section 245K. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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