https://www.taxtmi.com/caselaws?id=6165 Whether interest under sections 234A, 234B and 234C of the Income-tax Act applies in proceedings before the Settlement Commission under Chapter XIX-A, and whether the Commission can use section 154 to reopen concluded matters to levy such interest, were referred for consideration by a Constitution Bench. The document records the legal controversy on the applicability of compensatory interest and the scope of the Commission's power to correct or revise settlements through rectification. en-us Tue, 14 Dec 2004 00:00:00 +0530 Tue, 02 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6165 Whether interest under sections 234A, 234B and 234C of the Income-tax Act applies in proceedings before the Settlement Commission under Chapter XIX-A, and whether the Commission can use section 154 to reopen concluded matters to levy such interest, were referred for consideration by a Constitution Bench. The document records the legal controversy on the applicability of compensatory interest and the scope of the Commission's power to correct or revise settlements through rectification. Case-Laws Income Tax Tue, 14 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6165