TMI BlogValidation of demands, etc., under Income-tax Act, 1961 in certain cases.X X X X Extracts X X X X X X X X Extracts X X X X ..... ve been sent, or taxes levied, demanded, assessed, imposed, collected or recovered or purporting to have been levied, demanded, assessed, imposed, collected or recovered under the provisions of Income-tax Act, 1961 (43 of 1961), in respect of income accruing or arising through or from the transfer of a capital asset situate in India in consequence of the transfer of a share or shares of a company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the Income-tax Act, 1961 as amended by this Act, and the rules made thereunder and there shall be no liability or obligation to make any refund whatsoever. 1 [ Provided that this section shall cease to apply to the person who fulfils the following conditions, namely:- (i) where such person has filed any appeal before an appellate forum or a writ petition before the High Court or the S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rect or indirect, to seek or pursue any remedy or any claim in relation to the said income which may otherwise be available to him under any law for the time being in force, in equity, under any statute or under any agreement entered into by India with any country or territory outside India, whether for protection of investment or otherwise; and (iv) such other conditions as may be prescribed: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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