TaxTMI 
TaxTMI 
Definitions
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....147 shall be deemed to have commenced- (a) from the date on which a notice under section 148 is issued for any assessment year; (b) from the date of issuance of the notice referred to in sub-clause (a), for any other assessment year or assessment years for which a notice under section 148 has not been issued, but such notice could have been issued on such date, if the return of income for the other assessment year or assessment years has been furnished under section 139 or in response to a notice under section 142;] (ii) ^6[****] ^11[(iii) a proceeding for making fresh assessment in pursuance of an order under section 254 or section 263 or section 264, setting aside or cancelling an assessment....
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....e Interim Board" means a Member of the Interim Board; (eb) "pending application" means an application which was filed under section 245C and which fulfils the following conditions, namely:- (i) it was not declared invalid under sub-section (2C) of section 245D; and (ii) no order under sub-section (4) of section 245D was issued on or before the 31st day of January, 2021 with respect to such application;] (f) "Settlement Commission" means the Income-tax Settlement Commission constituted under section 245B; (g) "Vice-Chairman" means a Vice-Chairman of the Settlement Commission ^4[and includes a Member who is senior amongst the Members of a Bench].] ************** NOTES:- ....
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....-section (1) of section 245C is made : Provided that where any appeal or application for revision has been preferred after the expiry of the period specified for the filing of such appeal or application for revision under this Act and which has not been admitted, such appeal or revision shall not be deemed to be a proceeding pending within the meaning of this clause;" 4. Inserted vide Section 62 of the Finance Act, 2007 w.e.f. 01-06-2007 5. Omitted vide Section 45 of the Finance Act, 2010 w.e.f. 01-06-2010 before it was read as, "(ii) a proceeding for assessment or reassessment for any of the assessment years referred to in clause (b) of section 153A in case of a person referred to in section 153A or secti....
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.... 65 of the Finance (No. 2) Act, 2014 w.e.f. 01-10-2014 before it was read as, "referred to in clause (i) of the proviso" 11. Substituted vide Section 65 of the Finance (No. 2) Act, 2014 w.e.f. 01-10-2014 before it was read as, "(iii) a proceeding for making fresh assessment referred to in clause (iv) of the proviso shall be deemed to have commenced from the date on which the order under section 254 or section 263 or section 264, setting aside or cancelling an assessment was passed;" 12. Substituted vide Section 65 of the Finance (No. 2) Act, 2014 w.e.f. 01-10-2014 before it was read as, "clause (i) or ^8[clause (iv) of the proviso or clause (iiia) of the Explanation]" 13. Substituted vide S....