Section 245C(5) amended by Finance Act, 2021 to be read down with retrospective late date as 31.03.2021

Jain Metal Rolling Mills Vs Union of India (Madras High Court)

Madras High Court held that section 245C(5) of the Income Tax Act, 1961 (as amended by the Finance Act, 2021) is read down by removing the retrospective last date of 1^st date of February, 2021 as 31^st day of March, 2021. All applications even in respect of cases arising between 01.02.2021 to 31.03.2021 shall be deemed to be pending application for purpose of consideration by Interim Board for settlement.

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