# The Finance Act, 1987, Section 64: Amendment of section 245H

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/64/

## Text

Amendment of section 245H 64. In section 245H of the Income-tax Act, with effect from the 1st day of June, 1987,— (a)in sub-section (1), the following proviso shall be inserted at the end, namely: — "Provided that no such immunity shall be granted by the Settlement Commission in cases where the proceedings for the prosecution for any such offence have been instituted before the date of receipt of the application under section 245C"; (b) after sub-section (1), the following sub-section shall be inserted, namely: — "(1A)An immunity granted to a person under sub-section (1) shall stand withdrawn if such person fails to pay any sum specified in the order of settlement passed under sub-section (4) of section 245D within the time specified in such order or within such further time as may be allowed by the Settlement Commission, or fails to comply with any other condition subject-to which the immunity was granted and thereupon the pro- vision of this Act shall apply as if such immunity had not been granted."; (c) in sub-section (2), the words "has not complied with the conditions subject to which the immunity was granted or that such person" shall be omitted. [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.