https://www.taxtmi.com/caselaws?id=766289 Appellate proceedings should remain in abeyance until the Settlement Commission disposes of an application under Section 245D(4) of the Income-tax Act, 1961. Section 245HA applies only if the settlement application is rejected without any terms of settlement, in which event the appellate proceedings revive. The assessee is not required to abandon its challenge on merits merely because the settlement application may be rejected. On the facts noted, the Tribunal was justified in condoning delay, setting aside the CIT(A)'s order, and restoring the first appeal. en-us Mon, 17 Feb 2025 00:00:00 +0530 Tue, 18 Mar 2025 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766289 Appellate proceedings should remain in abeyance until the Settlement Commission disposes of an application under Section 245D(4) of the Income-tax Act, 1961. Section 245HA applies only if the settlement application is rejected without any terms of settlement, in which event the appellate proceedings revive. The assessee is not required to abandon its challenge on merits merely because the settlement application may be rejected. On the facts noted, the Tribunal was justified in condoning delay, setting aside the CIT(A)'s order, and restoring the first appeal. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766289