https://www.taxtmi.com/acts?id=3357 Proceedings before the Settlement Commission abate when specified triggers occur (rejection, non-proceeding, invalidation, order without terms, or expiry of the prescribed period), and a defined specified date marks abatement. After abatement the Assessing Officer or relevant income-tax authority must dispose of the case as if no section 245C application had been made and may use all material, information, inquiry results and evidence produced or recorded before the Settlement Commission. The period from filing the application to the specified date is excluded for assessment/reassessment time-limits, certain interest provisions and, where relevant, firm registration cancellation time-limits. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 17:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3357 Proceedings before the Settlement Commission abate when specified triggers occur (rejection, non-proceeding, invalidation, order without terms, or expiry of the prescribed period), and a defined specified date marks abatement. After abatement the Assessing Officer or relevant income-tax authority must dispose of the case as if no section 245C application had been made and may use all material, information, inquiry results and evidence produced or recorded before the Settlement Commission. The period from filing the application to the specified date is excluded for assessment/reassessment time-limits, certain interest provisions and, where relevant, firm registration cancellation time-limits. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3357