Every order of settlement passed under sub-section 4 [(5)] of section 127C shall be conclusive as to the matters stated therein and no matter covered by such order shall, save as otherwise provided in this Chapter, be reopened in any proceeding under this Act or under any other law for the time being in force.
1. Subs. by Act 22 of 2007, s. 105, for ―or under the Indian Penal Code or under any other Central Act for the time being in force and also either wholly or in part from the imposition of any penalty, fine and interest‖ (w.e.f. 1-6-2007).
2. The Explanation omitted by Act 20 of 2015, s. 89 (w.e.f. 14-5-2015).
3. Subs. by Act 22 of 2007, s. 105, for ―sub-section (7) of section 127C within the time specified in such order or within such further time as may be allowed by the Settlement Commission‖ (w.e.f. 1-6-2007).
4. Subs. by s. 106, ibid., for ―(7)‖ (w.e.f. 1-6-2007).
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