https://www.taxtmi.com/caselaws?id=349787 In settlement proceedings under the Income-tax Act, interest under section 234B is chargeable only up to the stage of admission under section 245D(1), because once the application is admitted the Settlement Commission assumes control and the statute does not contemplate levy beyond that point. Interest cannot therefore continue up to the final order under section 245D(4). Any levy extending beyond section 245D(1) is unsustainable and must be set aside to that extent, with recomputation limited to the admissible stage. en-us Fri, 06 Oct 2017 00:00:00 +0530 Wed, 29 Nov 2017 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349787 In settlement proceedings under the Income-tax Act, interest under section 234B is chargeable only up to the stage of admission under section 245D(1), because once the application is admitted the Settlement Commission assumes control and the statute does not contemplate levy beyond that point. Interest cannot therefore continue up to the final order under section 245D(4). Any levy extending beyond section 245D(1) is unsustainable and must be set aside to that extent, with recomputation limited to the admissible stage. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349787