Form 34B is an application for settlement of cases under section 245C(1) of the
Income Tax Act, 1961.
As per section 245C, an assessee can, at any stage of a case relating to him, make
an application containing a full and true disclosure of his income which has not
been disclosed before the Assessing Officer, the manner in which such income has
been derived, the additional amount of Income Tax payable on such income and other
particulars, to the Settlement Commission to have the case settled.
As per rule 44C, this application should be in Form 34B. Further as per rule 44CA,
while calling for a report from the Commissioner, the Settlement Commission should
forward a copy of this application in Form 34B along with a copy of the order under
Form 34B.pdf (14.92 kb)