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of <h1>Section 245C: Proceedings abate when settlement application fails; AO may resume case and excluded period for limitation</h1> Where an application to the Settlement Commission under section 245C is rejected, not allowed to proceed, declared invalid, results in an order not providing settlement terms, or no order is passed within the specified time, the proceedings before the Commission abate on a defined 'specified date' for each situation. On abatement the Assessing Officer or other income-tax authority shall dispose of the case as if no application had been made and may use all materials, inquiries and evidence produced before the Commission. The period from filing the application to the specified date is excluded for specified limitation and interest provisions and for firm registration cancellation time-limits.
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