https://www.taxtmi.com/caselaws?id=151993 The Special Bench clarified that assessment orders passed before the filing of a settlement application remain in force but cannot be enforced until the final settlement order under section 245D(4) is issued. Lower authorities' orders are not automatically set aside by the Settlement Commission's decision but are modified to align with the Commission's order. Interest under section 220(2) is applicable until the date of the order under section 245D(1), and the Settlement Commission has the authority to waive or reduce such interest. Vice-Chairman G. S. Sidhu partially dissented, emphasizing the recoverability of valid tax demands and the chargeability of interest up to the final settlement order date. en-us Thu, 15 Apr 1999 00:00:00 +0530 Fri, 21 Jun 2013 10:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151993 The Special Bench clarified that assessment orders passed before the filing of a settlement application remain in force but cannot be enforced until the final settlement order under section 245D(4) is issued. Lower authorities' orders are not automatically set aside by the Settlement Commission's decision but are modified to align with the Commission's order. Interest under section 220(2) is applicable until the date of the order under section 245D(1), and the Settlement Commission has the authority to waive or reduce such interest. Vice-Chairman G. S. Sidhu partially dissented, emphasizing the recoverability of valid tax demands and the chargeability of interest up to the final settlement order date. Case-Laws Income Tax Thu, 15 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151993