9911796707
TMI BlogAmendment of section 245D.X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be substituted and shall be deemed to have been substituted; (iii) after sub-section (8), the following sub-sections shall be inserted and shall be deemed to have been inserted, namely: (9) On and from the 1st day of February, 2021, the provisions of sub-sections (1), (2), (2B), (2C), (3), (4), (4A), (5), (6) and (6B) shall apply to pending applications allotted to Interim Board with the following modifications, namely: (i) for the words Settlement Commission , wherever they occur, the words Interim Board shall be substituted; (ii) for the word Bench , the words Interim Board shall be substituted; (iii) for the purposes of this section, the date referred to in sub-section (2) of section 245M shall be deemed to be date on which the applic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... functional specialisation; (c) introducing a mechanism with dynamic jurisdiction. (12) The Central Government may, for the purposes of giving effect to the scheme made under sub-section (11), by notification in the Official Gazette, direct that any of the provisions of this Act shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the said notification: Provided that no such direction shall be issued after the 31st day of March, 2023. (13) Every notification issued under sub-section (11) and sub-section (12) shall, as soon as may be after the notification is issued, be laid before each House of Parliament. . - Clause 60 of the Bill seeks to amend section 245D of the said Act so as to provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) shall have effect as if for the words Settlement Commission , the words Settlement Commission or Interim Board of Settlement . It is also proposed to insert sub-sections (11), (12) and (13) in the said section so as to, inter alia, provide for a scheme, by notification in the Official Gazette, for the disposal of pending applications by the Interim Board. Proposed sub-section (11) provides that the Central Government may make a scheme, by notification in the Official Gazette, for the purposes of settlement in respect of pending applications by the Interim Board, so as to impart greater efficiency, transparency and accountability by eliminating the interface between the Interim Board and the assessee in the course of proceedings to the ext ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
