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of <h1>Income-tax authorities cannot extend payment deadlines set by the Settlement Commission u/s 245D of the Income Tax Act.</h1> The Central Board of Direct Taxes (CBDT) examined whether Income-tax authorities could extend payment deadlines specified by the Settlement Commission under Section 245D of the Income Tax Act, 1961. Two interpretations were considered: one, that Section 245-I makes settlement orders conclusive, preventing any variation by tax authorities; and two, that Section 245J allows for extensions under certain conditions. After consulting the Law Ministry, it was concluded that if the Settlement Commission's order specifies instalments and interest, it is final, and the Income-tax Officer cannot alter these terms.
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