https://www.taxtmi.com/caselaws?id=10682 The court dismissed the petition seeking expeditious processing of an application under section 245C of the Income-tax Act, 1961. The Division Bench held that the Act does not allow for a stay of assessment proceedings while the Settlement Commission considers the application. Granting a stay would be inserting a provision not supported by the statute. The Bench emphasized that if the Commission proceeds with the application, it can issue appropriate orders for settlement, regardless of previous assessment orders. However, if the Commission decides not to proceed, there could be challenges in tax collection. The court declined to interfere, citing the lack of statutory provisions for a stay and the absence of justification for intervention. en-us Mon, 12 Apr 2004 00:00:00 +0530 Sun, 06 Feb 2011 01:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10682 The court dismissed the petition seeking expeditious processing of an application under section 245C of the Income-tax Act, 1961. The Division Bench held that the Act does not allow for a stay of assessment proceedings while the Settlement Commission considers the application. Granting a stay would be inserting a provision not supported by the statute. The Bench emphasized that if the Commission proceeds with the application, it can issue appropriate orders for settlement, regardless of previous assessment orders. However, if the Commission decides not to proceed, there could be challenges in tax collection. The court declined to interfere, citing the lack of statutory provisions for a stay and the absence of justification for intervention. Case-Laws Income Tax Mon, 12 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10682