https://www.taxtmi.com/caselaws?id=173462 The Special Bench concluded that assessment proceedings are considered pending for years where returns have not been processed or notices issued. Even if returns have been processed but the time for issuing notices has expired, proceedings are still pending. The interpretation of the term "date of conclusion of proceeding" favored ongoing proceedings as long as the Assessing Officer can take action. A composite settlement application was deemed valid even if proceedings were pending for some years and not for others. The decision was in favor of the assessee, upholding the validity of the settlement application. en-us Fri, 13 Jun 2008 00:00:00 +0530 Wed, 16 Sep 2015 11:08:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173462 The Special Bench concluded that assessment proceedings are considered pending for years where returns have not been processed or notices issued. Even if returns have been processed but the time for issuing notices has expired, proceedings are still pending. The interpretation of the term "date of conclusion of proceeding" favored ongoing proceedings as long as the Assessing Officer can take action. A composite settlement application was deemed valid even if proceedings were pending for some years and not for others. The decision was in favor of the assessee, upholding the validity of the settlement application. Case-Laws Income Tax Fri, 13 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173462