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Telangana HC asks I-T settlement panel to continue accepting applications


February 18, 2021
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The Telangana High Court has asked the Income Tax Settlement Commission to accept an application of settlement under Section 245 (C) of the Income Tax Act.
The order comes in a Writ Petition filed by Green City Dukes Estates which contended that while the section continues in the Income Tax Act, the Income Tax Settlement Commission has stopped receiving applications.
This comes in the backdrop of the Finance Bill, 2021, which proposed that the Income-tax Settlement Commission shall cease to operate on or after February 1, 2021. It has also proposed to amend section 245C of the Act so as to provide that no application shall be made under this section on or after February 1, 2021. ....

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