Application to settlement commission can be made only :

CS Executive · Tax Laws and Practice · PYQS · June 2019
Application to settlement commission can be made only :
(A) Where the additional amount of income tax payable exceeds ₹10 lakh
(B) Where the additional amount of income tax payable exceeds ₹5 lakh
(C) Where the additional amount of income tax payable exceeds ₹3 lakh
(D) Where the additional amount of income tax payable exceeds ₹1 lakh

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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