https://www.taxtmi.com/caselaws?id=10756 Finality under section 245-I of the Income-tax Act is limited to the matters actually settled by the Settlement Commission under section 245D(4), including the liability and undisclosed income determined for income-tax purposes. That conclusive effect does not create a blanket bar against proceedings under a separate taxing statute. KGST authorities may rely on the settlement findings as evidentiary material for suppressed turnover and proceed with reassessment or revision under the KGST Act, because the two fiscal enactments operate in distinct fields and the settlement order itself is not disturbed. en-us Tue, 19 Jul 2005 00:00:00 +0530 Fri, 24 Jul 2009 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10756 Finality under section 245-I of the Income-tax Act is limited to the matters actually settled by the Settlement Commission under section 245D(4), including the liability and undisclosed income determined for income-tax purposes. That conclusive effect does not create a blanket bar against proceedings under a separate taxing statute. KGST authorities may rely on the settlement findings as evidentiary material for suppressed turnover and proceed with reassessment or revision under the KGST Act, because the two fiscal enactments operate in distinct fields and the settlement order itself is not disturbed. Case-Laws Income Tax Tue, 19 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10756