Abatement of settlement proceedings permits assessing authority to resume and determine tax assessment using Commission materials. Abatement of proceedings before the Settlement Commission occurs when a section 273 application is rejected, declared invalid, or when the Commission fails to pass an order in time, with the date of abatement fixed by the specific ground; following abatement the Assessing Officer or other income-tax authority shall dispose of the case as if no application had been made, being entitled to use all material, information and evidence produced or recorded before the Settlement Commission. The period from application to abatement is excluded from limitation periods for rectification, assessment or reassessment and for interest calculation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Abatement of settlement proceedings permits assessing authority to resume and determine tax assessment using Commission materials.
Abatement of proceedings before the Settlement Commission occurs when a section 273 application is rejected, declared invalid, or when the Commission fails to pass an order in time, with the date of abatement fixed by the specific ground; following abatement the Assessing Officer or other income-tax authority shall dispose of the case as if no application had been made, being entitled to use all material, information and evidence produced or recorded before the Settlement Commission. The period from application to abatement is excluded from limitation periods for rectification, assessment or reassessment and for interest calculation.
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