https://www.taxtmi.com/article/detailed?id=6108 Amendments expand Settlement Commission jurisdiction to allow approach for additional assessment years when a section 148 notice exists for any year if returns were filed; deem commencement of other-year proceedings from return filing; impose a six month rectification window for Commission orders; require written reasons when granting immunity; provide for abatement where settlement terms were not furnished; bar related persons from later approaching the Commission; and allow seized or requisitioned assets to be adjusted against liabilities arising on a settlement application. These changes take effect from June 1, 2015. en-us Mon, 02 Mar 2015 07:25:21 +0530 Mon, 02 Mar 2015 13:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6108 Amendments expand Settlement Commission jurisdiction to allow approach for additional assessment years when a section 148 notice exists for any year if returns were filed; deem commencement of other-year proceedings from return filing; impose a six month rectification window for Commission orders; require written reasons when granting immunity; provide for abatement where settlement terms were not furnished; bar related persons from later approaching the Commission; and allow seized or requisitioned assets to be adjusted against liabilities arising on a settlement application. These changes take effect from June 1, 2015. Articles Budget - Tax Proposals Mon, 02 Mar 2015 07:25:21 +0530 https://www.taxtmi.com/article/detailed?id=6108