Finality of Settlement Commission orders precludes income-tax officer from altering specified instalments or interest payment terms. Where a Settlement Commission order expressly specifies instalments and interest, those provisions are final and binding; an assessing officer may not grant extensions, additional instalments, or alter interest terms inconsistent with the Commission's specified payment schedule.
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.
Finality of Settlement Commission orders precludes income-tax officer from altering specified instalments or interest payment terms.
Where a Settlement Commission order expressly specifies instalments and interest, those provisions are final and binding; an assessing officer may not grant extensions, additional instalments, or alter interest terms inconsistent with the Commission's specified payment schedule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.