Search: condonation of delay

1 result for “condonation of delay”+ Section 245Cclear

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Section 42 Section 245C2

M/S ING VYSYA BANK LIMITED vs. THE COMMISSIONER OF INCOME TAX

In the result appeal fails and it is hereby

WA/2458/2010HC Karnataka06 Jul 2012

Bench: ARAVIND KUMAR,AJIT J GUNJAL

Section 245CSection 245D(1)Section 4

delay of six months in filing the return will be condoned and no interest under section 139(8) will be - 26 - charged. Interest under section 215/217 will however be charged for a period of twelve months. In view of the total immunity granted by the settlement commission, it was totally unjustified on the part of the Commissioner of Income