An assessee may at any stage of a case relating to him make an application in Form No. ______ to the Settlement Commission to settle the case. Such application other than the case of specified person can be made to the S

CS Executive · Tax Laws and Practice · PYQS · December 2020
An assessee may at any stage of a case relating to him make an application in Form No. ______ to the Settlement Commission to settle the case. Such application other than the case of specified person can be made to the Settlement Commission only where the additional amount of income tax payable on the income disclosed in the application as per section 245C(1A) exceeds ______.
(A) 34A; ₹5,00,000
(B) 34B; ₹10,00,000
(C) 34A; ₹25,00,000
(D) 34B; ₹50,00,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Settlement of Cases

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