The commission's term which had been extended several times was to expire on Friday, a Home ministry spokesman said.
The term of the Commission, headed by retired Justice Manmohan Singh Liberhan, was to end on December 31 last year.
The term of the Commission was due to expire on March 31, 2005.
The panel, which is probing the demolition of the Babri Masjid, rejected a plea to summon Prime Minister Atal Bihari Vajpayee and his deputy L K Advani.
Set up a decade agao, the Commission has so far examined 99 witnesses, the last one being former prime minister V P Singh, who alleged the involvement of the BJP in the demolition of the disputed structure.
The former Uttar Pradesh chief minister failed to appear before the panel probing the demolition of the Babri Masjid.
Singh was the chief minister when the Babri Masjid was demolished in 1992.
The commission had rejected the theory that it was a spontaneous act by karsevaks whereas the CBI court has ruled that there was no evidence that demolition was a conspiracy.
The Central government on Wednesday said it has spent over Rs 9 crore on Liberhan Commission, which was set up to probe the destruction of Ram Janma Bhoomi-Babri Masjid structure at Ayodhya on December 6, 1992.
In his report, Justice Liberhan said the senior police officers were at hand to ensure that their men toed the line and that the demolition of the disputed structure was allowed to go ahead with "military precision as orchestrated by the leaders present at the spot and carried out by their henchmen."
The Action Taken report of the Liberhan commission
Bharatiya Janata Party Rajya Sabha Member of Parliament Arun Shourie, who had launched a tirade against the leadership of his party after its Lok Sabha poll debacle, on Sunday admitted that the BJP cannot whip up the Ram Janmabhoomi campaign again.
The Commission has reached "bizarre" conclusions, he said during the debate and took strong objection to the adverse comments made against former Prime Minister Atal Bihari Vajpayee and senior leaders L K Advani and M M Joshi. Rajnath Singh said the report was "not unbiased" and said it was a "political document of character assassinations" as legal criteria for indictment had been ignored.
Congress general secretary Rahul Gandhi on Tuesday said he respected veteran BJP leader Atal Bihari Vajpayee as a senior politician and did not know whether the Liberhan Commission has done the right thing or not by naming him in its report on the Babri demolition.
During the meeting, Home Minister P Chidambaram would bring in the Action Taken Report for approval before it is laid on the table of the House along with the Liberhan commission report. Pranab Mukherjee will chair the Cabinet meet in Dr Singh's absence.
The Liberhan Commission that probed the Babri Masjid demolition on Tuesday came down heavily on mixing politics and religion and has recommended a law providing for exemplary punishment for such misuse to acquire political power.
"The government should table the report at the earliest along with ATR. The Commission has submitted the report after a delay (about 17 years) and the government should not delay it any further," Singh told media persons outside Parliament.
The Bharatiya Janata Party leadership is not 'unduly perturbed' by the submission of the report of the Justice M S Liberhan commission, which probed the Babri Masjid demolition.
A B Vajpayee and L K Advani head a list of 68 leaders of the Sangh Parivaar and bureaucrats held culpable by the Liberhan Commission for leading the country to the "brink of communal discord" over the Ayodhya issue. In a scathing indictment, the Commission said these leaders cannot be given the benefit of the doubt and exonerated of culpability.
The Liberhan Commission in its probe did not even spare the Supreme Court for its 'short-sightedness' in preventing the demolition of the Babri Mosque.
The Liberhan Commission''s Report on the Babri Mosque demolition and the Action Taken Report (ATR) will be discussed in Parliament on Monday.
The Liberhan Commission -- the country's longest running inquiry panel -- saw its own share of high drama during its 17-year probe into Babri Masjid demolition and once had a tough time dealing with a Bajrang Dal leader's foul language.
Deputy Leader of Opposition in Lok Sabha Sushma Swaraj tore apart the Justice Liberhan Commission report, probing the Babri Masjid demolition, on Tuesday and asked the government to reject it.
The government decided to table in Parliament on Tuesday the report of the Liberhan Commission that probed the Babri Masjid demolition in 1992, a day after the leakage of the findings set off a political storm.
"Certainly, absolutely, totally...Supplementary chargesheet can and will be filed," party spokesman Abhishek Singhvi said when asked whether such an action will be taken against all those who have been named in the Commission's report but against whom there are no FIRs.
Liberhan counsel disappointed over UPA govt's submission
The commission has got 39 extensions so far.
The Liberhan Commission report on the demolition of Babri Masjid on Wednesday generated heat in the Rajya Sabha with the Congress and the Samajwadi Party squarely blaming the Bharatiya Janata Party for the demolition of the historic structure, while the main opposition debunked the report.
The government on Tuesday said it has accepted all the recommendations made by the Liberhan Commission in the backdrop of the Babri Masjid demolition and 'positive action' would be taken on them.
'It (Centre's submission) proves the political intention of the UPA government, which wants to keep the issue alive by resorting to falsehood,' says BJP.
The government is still looking around for copies of evidence related to the Ayodhya case, the panel said.
Prime Minister Manmohan Singh on Wednesday said the government will probe the leakage of the Liberhan Commission report, saying such a "regrettable" thing should not have happened.
Lok Sabha Speaker Meira Kumar on Monday postponed a debate in the House on the report of the Liberhan Commission, which was scheduled for Tuesday, due to non-availability of Hindi version of the Commission's report on Banri mosque demolition.
Senior Bharatiya Janata Party leaders L K Advani and Murli Manohar Joshi will not participate in the discussion on the Liberhan Commission findings in the Lok Sabha on Tuesday following a decision by the party against fielding those indicted in the report. "We have taken a conscious decision that leaders whose names appear in the accused list will not speak during the discussions," a senior party leader said on Monday.
Uttar Pradesh Chief Minister Mayawati sees a Congress-Bhartiya Janata Party conspiracy behind what she termed as a "systematic leakage" of the Liberhan Commission report.
The Union Cabinet has been summoned for an unscheduled meeting Tuesday morning before the start of Parliament's day's sitting, strengthening speculation that the government may be pushed to tabling the Liberhan Commission report on Babri Masjid demolition.
The Lok Sabha was adjourned till 2 pm following uproar over leakage of Liberhan Commission report on Babri Masjid demolition.
In a move which could create ripples, the government may table the Liberhan Commission report along with the Action Taken Report in the winter session of parliament beginning around November 9.
The All India Muslim Personal Law Board has taken a strong exception to the clean chit given to then prime minister P V Narsimha Rao in the Liberhan Commission Report on Babri Masjid demolition and questioned the 'unfortunate' observations made in the document on Muslim organisations. "The report states that the Board and Muslim organisations did not put forth their stand on the Babri mosque and did little for the rehabilitation of the riot victims," said a member.
This is the last opportunity for the Centre to express its overall view on the demolition.