Query on 245A(b)
This query is : Resolved
19 December 2010
Exp. IV of 245A(b) says that proceeding for any A.Y shall be deemed to have commenced from 1st day of A.Y unless it is a case of clause (i) or (iv) of proviso or of clause (iiia) of explana tion.
That means assessee need not to wait for issue of 143(2) notice or Show Cause notice of 144 for filing application u/s 245C (because generally proceeding commenced from the date of issue of such notice, But as per exp interpritation he need not to wait for issue of such notice).
Am i correct? If not then why?
That means assessee need not to wait for issue of 143(2) notice or Show Cause notice of 144 for filing application u/s 245C (because generally proceeding commenced from the date of issue of such notice, But as per exp interpritation he need not to wait for issue of such notice).
Am i correct? If not then why?
Kuldeep Verma
(Expert)
20 December 2010
If there is neither a notice of 143(3), 144 or nor escape assessment notice then where is the question for 245(c) settlement. If dept is not going to open your assessment where assessee himself going to open the assessment by filling 245(c)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
