Meaning of tax terms

Meaning of “Already pending”

Posted on by Prashant Thakur

Case Name : Monte harris v. Cit

Citation : [1995] 82 taxman 365 (aar – new delhi)

Court : AAR

Section :  245R

Meaning : The words ‘already pending’ in proviso to section 245r(2), should be interpreted to mean : ‘already pending as on the date of the application’ and not with reference to any future date.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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