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2021 (3) TMI 1253 - HC - Income TaxSettlement commission abolishment - seeking relief for declaring that the proposed amendment in the Finance Bill 2021 regarding amendment in Section 245 of the Income Tax Act, 1961 where under the Income Tax Settlement Commission is proposed to be abolished w.e.f. 01.02.2021, cannot be acted upon without being notified in the official gazette and without receiving the Presidential assent - HELD THAT:- Writ petitions were preferred with an apprehension that applications of the petitioners would not be accepted by the Settlement Commission in view of the proposed amendment in Section 245 of the Income Tax Act, 1961. However, as per the statement made in the supplementary affidavit, applications of the petitioners have been accepted and requisite fees has been deposited through challan, copy of which are enclosed to the supplementary affidavit. In these circumstances, petitioners’ grievance, though raised prematurely before this Court, appears to have been redressed. Chapter XIX-A of the Income Tax Act, 1961 deals with powers and procedure of Settlement Commission. The Settlement Commission may consider it in accordance with law.
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