Non Fulfilment of Conditions Prescribed in Provisions of Section 245C(1) of Income Tax Act: Kerala HC Dismisses Writ Petition
The court observed that Section 245C(1) of Income Tax Act provides disclosure of full and true particulars of the income and the manner in which that income had been derived and apportioned in order to get the settlement.
By Amal Michael - On February 23, 2024 5:06 pm - 2 mins read
In a single judge verdict of the Kerala High Court rejected the assessee’s writ petition as the conditions prescribed in the provisions of Section 245C(1) of Income Tax Act have not been fulfilled. Notice for assessment under Section 153-A of the Income Tax Act was issued to the petitioner on 18.03.2020 for the Assessment Years…
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