Abatement of settlement proceedings: specified defects shift disposal to tax authority, which may use Commission records and exclude the application period. Proceedings before the Settlement Commission abate when specified procedural events occur, and thereafter the Assessing Officer or other wealth-tax authority must dispose of the case as if no application had been made. The authority may use material, information, inquiry results and evidence produced or recorded before the Settlement Commission as if produced before it. For purposes of statutory time-limits and interest computation, the period from the date of the settlement application until the specified date is excluded.
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: specified defects shift disposal to tax authority, which may use Commission records and exclude the application period.
Proceedings before the Settlement Commission abate when specified procedural events occur, and thereafter the Assessing Officer or other wealth-tax authority must dispose of the case as if no application had been made. The authority may use material, information, inquiry results and evidence produced or recorded before the Settlement Commission as if produced before it. For purposes of statutory time-limits and interest computation, the period from the date of the settlement application until the specified date is excluded.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
