https://www.taxtmi.com/caselaws?id=279632 The court clarified that the Settlement Commission has exclusive jurisdiction until a final order is passed under Section 245D(4) of the Income Tax Act. Once such an order is issued, the Commission loses jurisdiction. Additionally, it was held that the Settlement Commission cannot reopen cases for rectification of mistakes after passing a final order. The court emphasized the finality and conclusiveness of the Settlement Commission's orders, stating they cannot be reopened except in cases of fraud or misrepresentation. Furthermore, the court declared certain rules governing the appointment of members to the Appellate Tribunal for Foreign Exchange as ultra vires, leading to the quashing of appointments and provisos. en-us Mon, 12 Apr 2004 00:00:00 +0530 Thu, 28 Mar 2019 17:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279632 The court clarified that the Settlement Commission has exclusive jurisdiction until a final order is passed under Section 245D(4) of the Income Tax Act. Once such an order is issued, the Commission loses jurisdiction. Additionally, it was held that the Settlement Commission cannot reopen cases for rectification of mistakes after passing a final order. The court emphasized the finality and conclusiveness of the Settlement Commission's orders, stating they cannot be reopened except in cases of fraud or misrepresentation. Furthermore, the court declared certain rules governing the appointment of members to the Appellate Tribunal for Foreign Exchange as ultra vires, leading to the quashing of appointments and provisos. Case-Laws Income Tax Mon, 12 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279632