https://www.taxtmi.com/caselaws?id=297708 The court held that orders made by the Settlement Commission under Section 245D of the IT Act are conclusive and cannot be reopened, except in specific circumstances like fraud. It clarified that the Settlement Commission lacks the authority to waive or reduce statutory interest under Sections 234A, 234B, and 234C. Additionally, the court emphasized that the Settlement Commission loses jurisdiction to rectify its order under Section 154 once it passes the order under Section 245D(4). As a result, the court quashed the Settlement Commission's orders under Section 154, affirming their finality and limitations on post-order actions. en-us Tue, 13 Apr 2004 00:00:00 +0530 Sat, 18 Sep 2021 15:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297708 The court held that orders made by the Settlement Commission under Section 245D of the IT Act are conclusive and cannot be reopened, except in specific circumstances like fraud. It clarified that the Settlement Commission lacks the authority to waive or reduce statutory interest under Sections 234A, 234B, and 234C. Additionally, the court emphasized that the Settlement Commission loses jurisdiction to rectify its order under Section 154 once it passes the order under Section 245D(4). As a result, the court quashed the Settlement Commission's orders under Section 154, affirming their finality and limitations on post-order actions. Case-Laws Income Tax Tue, 13 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297708