(1) Notwithstanding anything contained in any other provision of this Act, an agreement entered into under sub-section (9) of section 304 shall be binding on both parties and the taxpayer or any Income-tax authority cannot raise objection proceeding against it in any authority, tribunal or court.
(2) In the case of a consensus reached under section 304, the matters mentioned therein shall be final and in respect of any matter outside the consensus, may be reopened in any proceeding under this Act.
