CHAPTER XIX – Refunds
Here’s the section-wise analysis of CHAPTER XIX – Refunds of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 237 | Refunds. | Section-431 |
| 238 | Person entitled to claim refund in certain special cases. | Section-432 |
| 239 | Form of claim for refund and limitation. | Section-433 |
| 239A | Refund for denying liability to deduct tax in certain cases. | Section-434 |
| 240 | Refund on appeal etc. | Section-435 |
| 241 | Omitted [Omitted by the Finance Act, 1987, w.e.f. 1-4-1988.] | Omitted |
| 241A | Withholding of refund in certain cases. | Redundant |
| 242 | Correctness of assessment not to be questioned. | Section-436 |
| 243 | Interest on delayed refunds. | Redundant |
| 244 | Interest on refund where no claim is needed. | Redundant |
| 244A | Interest on refunds. | Section-437 |
| 245 | Set off and withholding of refunds in certain cases. | Section-438 |
CHAPTER XIXA – Settlement of cases
Here’s the section-wise analysis of CHAPTER XIXA – Settlement of cases of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 245A | Definitions. | Redundant |
| 245AA | Interim Boards for Settlement. | Redundant |
| 245B | Income-tax Settlement Commission. | Redundant |
| 245BA | Jurisdiction and powers of Settlement Commission. | Redundant |
| 245BB | Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances. | Redundant |
| 245BC | Power of Chairman to transfer cases from one Bench to another. | Redundant |
| 245BD | Decision to be by majority. | Redundant |
| 245C | Application for settlement of cases. | Redundant |
| 245D | Procedure on receipt of an application under section 245C. | Redundant |
| 245DD | Power of Settlement Commission to order provisional attachment to protect revenue. | Redundant |
| 245E | Power of Settlement Commission to reopen completed proceedings. | Redundant |
| 245F | Powers and procedure of Settlement Commission. | Redundant |
| 245G | Inspection, etc., of reports. | Redundant |
| 245H | Power of Settlement Commission to grant immunity from prosecution and penalty. | Redundant |
| 245HA | Abatement of proceeding before Settlement Commission. | Redundant |
| 245HAA | Credit for tax paid in case of abatement of proceedings. | Redundant |
| 245-I | Order of settlement to be conclusive. | Redundant |
| 245J | Recovery of sums due under order of settlement. | Redundant |
| 245K | Bar on subsequent application for settlement. | Redundant |
| 245L | Proceedings before Settlement Commission to be judicial proceedings. | Redundant |
| 245M | Option to withdraw pending application. | Redundant |
