Insertion of new section 245HA
Section 65 of the Finance Act, 1987 deals with insertion of new section 245HA. Insertion of new section 245HA 65. After section 245H of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1987, namely: — Power of Settlement Commission to send a case back to the Income-tax Officer if the assessee does not co-operate "245HA.
Insertion of new section 245HA
65. After section 245H of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1987, namely: —
Power of Settlement Commission to send a case back to the Income-tax Officer if the assessee does not co-operate
"245HA. (1) The Settlement Commission may, if it is of opinion that any person who made an application for settlement under section 245C has not co-operated with the Settlement Commission in the proceedings before it, send the case back to the Income-tax Officer who shall thereupon dispose of the case in accordance with the provisions of this Act as if no application under section 245C had been made.
(2) For the purposes of sub-section (1), the Income-tax Officer shall be entitled to use all. the materials and other information pro duced by the assessee before the Settlement Commission or the results of the inquiry held or evidence recorded by the Settlement Commission in the course of the proceedings before it as if such materials, information, inquiry and evidence had been produced before the Income-tax Officer or held or recorded by him in the course of the proceedings before him.
(3) For the purposes of the time-limit under sections 149, 153, 154, 155 and 231 and for the purposes of payment of interest under sections 243 and 244, in a case referred to in sub-section (1), the period commencing on and from the date of the application to the Settlement Commission under section 245C and ending, with the date of receipt by the Income-tax Officer of the order of the Settlement Commission sending the case back to the Income-tax Officer shall be excluded; and where the assessee is a firm, for the purposes of the time-limit for cancellation of registration of the firm under sub-section (2) of section 186, the period aforesaid shall, likewise, be excluded.".
[Finance Act, 1987]
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Section 65, The Finance Act, 1987 (Act 11 of 1987).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 65
What does Section 65 of the Finance Act deal with?
Section 65 of the Finance Act is headed "Insertion of new section 245HA". Insertion of new section 245HA 65. After section 245H of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 1987, namely: — Power of Settlement Commission to send a case back to the Income-tax Officer if the assessee does not co-operate "245HA.
How do I find court cases under Section 65 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1987 65, section 65 Finance Act 1987, section 65 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 65 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 245H (Power of Settlement Commission to grant immunity from prosecution and penalty), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1987 as Act 11 of 1987. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule6061 words
- 2. Income-tax1675 words
- 32. Amendment of section 80C1059 words
- 24. Insertion of new section 54G901 words
- 59. Insertion of new sections 245BA to 245BD752 words
- 79. Insertion of new sections 22BA to 22BD748 words
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