Allowing the petition the Court held that the period between February 2, 2018 to four weeks after February 4, 2019, when the applications stood disposed of, could not be taken into consideration for the purpose of computing the period of 18 months as contemplated under section 245D(4A) , for passing the order under section 245D(4) by the Settlement Commission. The Settlement Commission was directed to pass orders as expeditiously as possible.
Akshar Builders. V. PCIT (2019) 414 ITR 34 (Guj.)(HC)
S. 245D : Settlement Commission–Restoration of matter to Settlement Commission by High Court-Computation of period of 18 months-Period taken by assessee in pursuing remedy before Court and period during which order stayed to be excluded. [S. 245D(4A)]