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of <h1>Section 127C(8A): Settlement Commission must decide under s127C(5) within nine months or proceedings abate, three-month extension allowed</h1> An amendment inserts subsection (8A) in section 127C providing that the Settlement Commission must pass the order under subsection (5) within nine months from the last day of the month in which the section 127B application is made; failure to do so causes the settlement proceedings to abate and requires the original adjudicating authority to proceed as if no settlement application had been filed. The Commission may extend the nine-month period for reasons recorded in writing for up to three additional months. For applications pending on the Finance Bill's assent date, the nine-month clock runs from that assent date. The amendment is effective from April 1, 2023.
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