Suo Motu Rectification of order passed u/s 245D(4) on debatable issue by Settlement Commission not valid

CIT Vs. Income Tax Settlement Commission & Another (Bombay High Court) Once an order has been passed under Section 245D(4) of the Act, it is a final order settling the dispute between the parties. The provisions of the rectification of the order passed under Section 245D(4) of the Act is permissible under Section 245D(6B) of the Act, only to rectify mistakes apparent from the record. Therefore, any issue which is debatable or which would requires re-consideration of an issue which has already been decided, would fall out side the scope of a rectification application under Section 245D(...