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Person "Not" eligible for dispute resolution - Income Tax - Ready Reckoner - Income TaxExtract Person Not eligible for dispute resolution Following are the person NOT eligible for resolution: - In respect of whom an order of detention has been made under Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974. In respect of whom prosecution has been instituted and has been convicted of any offence punishable under any of the following Acts: Indian Penal Code, 1980 Unlawful Activities (prevention) Act, 1967 Narcotic Drugs and Psychotropic Substances Act, 1985 Prohibition of Benami Transactions Act, 1988 Prevention of Money Laundering Act, 2002 Prevention of Corruption Act, 1988 In respect of whom prosecution has been initiated by an income-tax authority for any offence punishable under the provisions of this Act or the Indian Penal Code or for the purpose of enforcement of any civil liability under any law for the time being in force, or such person has been convicted of any such offence consequent upon the prosecution initiated by an Income-tax authority; or Who is notified under section 3 of the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992; or Proceedings under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 have been initiated for the AY for which resolution of dispute is sought.
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