BRIJ LAL vs COMMNR. OF INCOME TAX, JALANDHAR

The Supreme Court addressed the applicability of Sections 234A, 234B, and 234C of the Income Tax Act, 1961 to proceedings of the Settlement Commission under Chapter XIX-A. The Court held that Section 234B does apply to such proceedings and clarified that interest should be computed up to the date of the Order under Section 245D(4). Furthermore, the Court ruled that the Settlement Commission can reopen concluded proceedings by invoking Section 154 to levy interest, even if it was not done in the original proceedings.