49.
Amendment of section 251.- In section 251 of the
Income-tax Act, in sub-section (1), after clause (a), the
following clause shall be inserted, namely:-
"(aa) in an appeal against the order of
assessment in respect of which the proceeding before the Settlement
Commission abates under section 245HA, he may, after taking
into consideration all the material and other information
produced by the assessee before, or the results of the inquiry
held or evidence recorded by, the Settlement Commission, in
the course of the proceeding before it and such other material
as may be brought on his record, confirm, reduce, enhance
or annul the assessment;". |
