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of <h1>Settlement Commission Can Provisionally Attach Property u/s 245DD to Protect Revenue Interests During Proceedings.</h1> Section 245DD of the Income-tax Act, introduced by the Finance Act, 1988, empowers the Settlement Commission to provisionally attach an applicant's property to protect revenue interests during ongoing proceedings. If a provisional attachment under section 281B is already in place before an application under section 245C, it will continue as if the application had not been made. Any provisional attachment ordered by the Settlement Commission will cease after six months unless extended, with the total extension period not exceeding two years, provided reasons are documented in writing.
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