Income Tax Settlement Cases (Feb-Mar 2021) Deemed Pending: Madras HC

Central Board of Direct Taxes Vs Anbuchezhian (Madras High Court)

Madras High Court upheld a Single Judge’s order deeming the respondent’s application to the Interim Board for Settlement valid under Clause [iv] of Explanation to Section 245A of the Income Tax Act, 1961. The application, related to assessment years 2014-15 to 2019-20, was initially deemed invalid by the Interim Board due to the non-filing of a return of income as of January 31, 2021. However, the Single Judge relied on Division Bench rulings, including Jain Metal Rolling Mills v. Union of India and

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