Case Law Details
Case Name : Assistant Commissioner of Income-tax, Circle-1 Vs Laxman Das (ITAT Delhi)
Related Assessment Year :
Courts :
All ITAT ITAT Delhi
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Under section 245D of the Act, once the application is admitted, the assessee is required to pay the additional demand on the basis of income disclosed in the application within 35 days of the order of the Commission u/s 245D(1) and in case the demand is not paid within the time allowed interest at prescribed rate is chargeable under 245D(2C). There is no material before us nor there is anything to suggest that in the order of the Settlement Commission that the assessee did not comply with aforesaid order u/s 245D(1) of the Act.
Similarly, when the Settlement Commission passes final order unde...
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Whether 234B interest leviable on sec.245D(4) order