https://www.taxtmi.com/acts?id=3351 On receipt of an application under section 245C the Settlement Commission must issue notice, hear the applicant and within prescribed periods reject or allow the application (or it will be deemed allowed if no order is passed); copies of orders go to the applicant and the Principal Commissioner/Commissioner. If allowed, the Commission may call records and reports, direct further enquiry, hear parties, and pass orders setting settlement terms, payment manner and safeguards against fraud, subject to statutory time-limits and post-order rectification and interest provisions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 17:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3351 On receipt of an application under section 245C the Settlement Commission must issue notice, hear the applicant and within prescribed periods reject or allow the application (or it will be deemed allowed if no order is passed); copies of orders go to the applicant and the Principal Commissioner/Commissioner. If allowed, the Commission may call records and reports, direct further enquiry, hear parties, and pass orders setting settlement terms, payment manner and safeguards against fraud, subject to statutory time-limits and post-order rectification and interest provisions. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3351