Application to Settlement Commission before 01.02.2021 not hit by provision of section 245C(5)

Pradeep Kumar Naredi Vs Union of India & Ors. (Calcutta High Court)

Calcutta High Court held that provisions of sub-section (5) section 245C of Income Tax Act is effective only from 1^st February 2021, hence, application before Settlement Commission prior to that date cannot be held as invalid. Accordingly, application before Settlement Commission restored.

Facts- The appellants have prayed for a declaration that the amendment introduced by the Finance Act, 2021 by which the Income Tax Settlement Commission was abolished and an interim Board wa

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