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<h1>Tax Credit for Abated Proceedings: Section 22HAA Ensures Refund for Applications Rejected or Unresolved Under Wealth Tax Act 1957.</h1> Section 22HAA of the Wealth Tax Act, 1957, addresses the credit for tax paid when proceedings are abated. If an application under section 22C, filed on or after June 1, 2007, is rejected or not allowed to proceed under various subsections of section 22D, or if no order is passed within the specified time, the Assessing Officer must credit the tax and interest paid by the applicant. This applies to payments made before the application date or during the case's pendency before the Settlement Commission.