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TMI BlogRecovery of arrears.X X X X Extracts X X X X X X X X Extracts X X X X ..... ncing recovery proceedings get time-barred with the note that further coercive steps to recover the certified arrears may not be taken till receipt of further communication from the ITO. 2. The matter has been further examined in discussion with the settlement commission. It is understood that in the orders passed by the settlement commission u/s.245D(1) now, the commission invariably incorporat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stands so solved. 3. The matter was further discussed by the board with the settlement commission has agreed that if the commissioners were to report to the commission the undisputed amount of tax if any relating to assessment years for which assessees applications have been admitted by the settlement commission in each case, the commission would not hesitate to issue appropriate directions to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lection/recovery of arrears in cases where settlement applications are pending:- (a) cases where arrears are outstanding in respect of assessment years other than those for which applications have been admitted by the settlement commission have to be pursued in the normal course. b) Where an application has been made to the commission u/s.245C in respect of any assessment year but final order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s permissible as the act does not prohibit that. If assessees themselves are willing to pay the taxes during the pendency of admitted applications with the settlement commission, they should not only be permitted to pay such taxes but even be encouraged to do so. 7. The general impression is that the Income-tax authorities do not pursue recovery proceedings in cases where settlement applications ..... X X X X Extracts X X X X X X X X Extracts X X X X
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