2021 (3) TMI 1271 - HC - Income Tax

Abolishment of Income Tax Settlement Commission - Application for settlement of cases rejected - applications are not being accepted by the Settlement Commissioner just on account of presentation of the Finance Bill, 2021 proposing an amendment to Section 245 of the Income Tax Act, which could abolish the Income Tax Settlement Commission once the Act comes into force - HELD THAT - It appears from the averments made in the writ petition that no such attempt to file such application before the Settlement Commissioner has been made by the petitioner. Learned Senior Counsel for the petitioner submits that petitioner would make such an effort and file an affidavit to that effect by Monday.

Summary

The High Court of Jharkhand ordered W.P.(T) No. 835 of 2021 to be tagged with the instant case. The petitioner's Senior Counsel argued that applications are not being accepted by the Settlement Commissioner due to a proposed amendment to Section 245 of the Income Tax Act. The court directed the petitioner to make an effort to file an application before the Settlement Commissioner by a specified date. The case is scheduled to appear on 10.03.2021, with any affidavit to be filed by 08.03.2021.