https://www.taxtmi.com/article/detailed?id=9644 Orders of the Settlement Commission under section 245D(4) are conclusive and final as to matters stated therein; other income tax authorities lack jurisdiction to reopen those assessment years by general reassessment provisions. The statutory exception is where the Settlement Commission itself finds the settlement was obtained by fraud or misrepresentation, declares the settlement void and the proceedings in respect of matters covered are revived for completion under the Chapter XIX A revival mechanism. Revenue remedy lies to move the Commission under its voiding and revival powers, not to reopen by reassessment. en-us Wed, 27 Jan 2021 10:21:00 +0530 Wed, 27 Jan 2021 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9644 Orders of the Settlement Commission under section 245D(4) are conclusive and final as to matters stated therein; other income tax authorities lack jurisdiction to reopen those assessment years by general reassessment provisions. The statutory exception is where the Settlement Commission itself finds the settlement was obtained by fraud or misrepresentation, declares the settlement void and the proceedings in respect of matters covered are revived for completion under the Chapter XIX A revival mechanism. Revenue remedy lies to move the Commission under its voiding and revival powers, not to reopen by reassessment. Articles Income Tax Wed, 27 Jan 2021 10:21:00 +0530 https://www.taxtmi.com/article/detailed?id=9644