Settlement application entitlement broadened: assessees may apply to the Settlement Commission except in specified excluded circumstances. The amendment revises section 32 O by removing a temporal limitation in sub section (1), inserting cross references to the earlier form of a related provision as it stood immediately before the commencement of section 122 of the Finance Act, 2007, and omitting sub section (2), thereby permitting assessees to apply for settlement to the Settlement Commission except in expressly excluded circumstances.
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Provisions expressly mentioned in the judgment/order text.
Settlement application entitlement broadened: assessees may apply to the Settlement Commission except in specified excluded circumstances.
The amendment revises section 32 O by removing a temporal limitation in sub section (1), inserting cross references to the earlier form of a related provision as it stood immediately before the commencement of section 122 of the Finance Act, 2007, and omitting sub section (2), thereby permitting assessees to apply for settlement to the Settlement Commission except in expressly excluded circumstances.
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