https://www.taxtmi.com/caselaws?id=19096 Where a settlement application covering determination of income, waiver of penalty and interest, and immunity from prosecution was pending, section 245F(2) vested exclusive jurisdiction in the Settlement Commission over the case until it passed the required order. Because the Commission was already seized of the material on which the prosecution depended, continuing criminal proceedings was considered inappropriate while the statutory settlement process remained undecided. The court also noted that the petitioner should not be prejudiced by delay in the Commission's decision-making and used inherent jurisdiction to prevent further prosecution in the meantime. The criminal proceedings were therefore stayed until the Settlement Commission decided the matter. en-us Mon, 02 Jan 1995 00:00:00 +0530 Wed, 04 Nov 2009 10:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19096 Where a settlement application covering determination of income, waiver of penalty and interest, and immunity from prosecution was pending, section 245F(2) vested exclusive jurisdiction in the Settlement Commission over the case until it passed the required order. Because the Commission was already seized of the material on which the prosecution depended, continuing criminal proceedings was considered inappropriate while the statutory settlement process remained undecided. The court also noted that the petitioner should not be prejudiced by delay in the Commission's decision-making and used inherent jurisdiction to prevent further prosecution in the meantime. The criminal proceedings were therefore stayed until the Settlement Commission decided the matter. Case-Laws Income Tax Mon, 02 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19096