https://www.taxtmi.com/caselaws?id=247220 HC held that once an order of settlement under s.245C attains finality under ss.245I and 245F(1), assessments for the concerned years cannot be reopened by invoking s.153C (or other reassessment provisions) on matters covered by the settlement. The Settlement Commission's order is conclusive regarding all issues, items and heads of income for the specified assessment years, subject only to fraud or misrepresentation, which was not established in this case. Accordingly, the impugned notice issued under s.153C and all consequential proceedings for AYs 2004-05 to 2006-07 were quashed, and the petition was allowed in favour of the assessee. en-us Tue, 15 Apr 2014 00:00:00 +0530 Sat, 13 Dec 2025 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247220 HC held that once an order of settlement under s.245C attains finality under ss.245I and 245F(1), assessments for the concerned years cannot be reopened by invoking s.153C (or other reassessment provisions) on matters covered by the settlement. The Settlement Commission's order is conclusive regarding all issues, items and heads of income for the specified assessment years, subject only to fraud or misrepresentation, which was not established in this case. Accordingly, the impugned notice issued under s.153C and all consequential proceedings for AYs 2004-05 to 2006-07 were quashed, and the petition was allowed in favour of the assessee. Case-Laws Income Tax Tue, 15 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247220