Setting aside of order

(1) If it is found that the applicant has obtained the benefit of settlement by suppressing material facts or by furnishing false information, the Designated Authority may, after giving an opportunity of being heard, cancel the settlement order. (2) Upon cancellation of the order under sub-section (1), the amount paid towards settlement shall be adjusted against the outstanding liability and the balance shall be recovered as per the provisions of the relevant Act. (1) [Verbatim content relating to adjustment of payments for settlement, spanning page 15]. (1) Notwithstanding anything contained in the Relevant Acts or under this Act,- (a) any payment made in respect of any statutory order or any payment in appeal or any payment in respect of any interim order of Supreme Court or High Court, as the case may be, on or before the prescribed date, shall be adjusted towards the such arrears of tax, interest and penalty respectively as has been determined by the designated committee in accordance with this Act and rules made thereunder: Provided that no refund shall be claimed or be allowed if any payment made in circumstances as specified in above para, is in excess of such settlement amount as has been determined by the designated committee in accordance with this Act and rules made thereunder: Provided further that the ratio for adjustment under clause (a) shall be determined by the designated committee. (b) No arrears of tax and/ or interest and/ or penalty, if any, shall be settled under this Act, in cases where statutory orders are made after the prescribed date. (2) The Government may, by notification, extend the date specified in clause (a) and (b) of the sub-section (1).