https://www.taxtmi.com/caselaws?id=799236 Final settlement orders under the income-tax settlement scheme attain statutory finality for matters they cover, including deductions reflected in total income. Once a settlement application proceeds, exclusive jurisdiction over the relevant return and assessment year lies with the Settlement Commission. The Assessing Officer cannot reopen such settled matters through reassessment provisions. Allegations of fraud or misrepresentation must be pursued through the settlement scheme's prescribed mechanism rather than reassessment; rejection of that remedy leaves the final settlement order effective. Revenue authorities may participate in settlement proceedings and place relevant material before the Settlement Commission. en-us Wed, 16 Sep 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799236 Final settlement orders under the income-tax settlement scheme attain statutory finality for matters they cover, including deductions reflected in total income. Once a settlement application proceeds, exclusive jurisdiction over the relevant return and assessment year lies with the Settlement Commission. The Assessing Officer cannot reopen such settled matters through reassessment provisions. Allegations of fraud or misrepresentation must be pursued through the settlement scheme's prescribed mechanism rather than reassessment; rejection of that remedy leaves the final settlement order effective. Revenue authorities may participate in settlement proceedings and place relevant material before the Settlement Commission. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799236