Section - 245HAA (of Income Tax Act, 1961), Credit for tax paid in case of abatement of proceedings
Section - 245HAA (of Income Tax Act, 1961), Credit for tax paid in case of abatement of proceedings
Credit for tax paid in case of abatement of proceedings.
Where an application made under section 245C (of Income Tax Act, 1961) on or after the 1st day of June, 2007, is rejected under sub-section (1) of section 245D (of Income Tax Act, 1961), or any other application made under section 245C (of Income Tax Act, 1961) is not allowed to be proceeded with under sub-section (2A) of section 245D (of Income Tax Act, 1961) or is declared invalid under sub-section (2C) of section 245D (of Income Tax Act, 1961) or has not been allowed to be further proceeded with under sub-section (2D) of section 245D (of Income Tax Act, 1961) or an order under sub-section (4) of section 245D (of Income Tax Act, 1961) has not been passed within the time or period specified under sub-section (4A) of section 245D (of Income Tax Act, 1961), the Assessing Officer shall allow the credit for the tax and interest paid on or before the date of making the application or during the pendency of the case before the Settlement Commission.
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