The correct answer is (c) T.N. Dhar.
T.N. Dhar was the Chairman of the fourth State Finance Commission of U.P. He was a well-known economist and served as the Finance Secretary of Uttar Pradesh from 1977 to 1980. He was also the Chairman of the Planning Commission of Uttar Pradesh from 1980 to 1985.
The other options are incorrect.
(a) J.L. Bajaj was the Chairman of the first State Finance Commission of U.P.
(b) S.A.T. Rizvi was the Chairman of the second State Finance Commission of U.P.
(d) Atul Gupta was the Chairman of the third State Finance Commission of U.P.