Upon settlement of the case by the Settlement Commission under section 8C,-
(a) the demand involved in the case shall be deemed to have been fully satisfied and the pending case or cases shall not be proceeded with any further; or
(b) no proceedings by way of review or revision shall be taken in respect of such case; or
(c) the proceedings as referred to in clause (a) of Explanation to section 8B shall not be further proceeded with.