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2021 (10) TMI 1303 - HC - Income TaxValidity of Proceedings under Section 142(1) - Scope of Income Tax Settlement Commission as discontinued - HELD THAT:- Income Tax Settlement Commission, which was discontinued in view of the amendment under Section 245 B as stipulated under the Finance Act, 2021 leading to setting up of the Interim Board of Settlement by way of Notification No.91 of 2021 on 10.08.2021 for the purpose of settlement of the cases which were pending before the Income Tax Settlement Commission as on 01.02.2021, when the Income Tax Settlement Commission ceased to operate. The grievance on the part of the petitioner is with regard to the action of the respondent authority of initiating the proceedings under Section 142(1) of the IT Act. A show cause notice dated 15.09.2021 issued under Section 142(1) of the IT Act by respondent No.4, who according to the petitioner would have no authority or jurisdiction to initiate the proceedings for recovery in wake of the pendency of the matter before the Income Tax Settlement Commission and now before the newly constituted Interim Board of Settlement. Issue urgent Notice, returnable on 25.10.2021. In the meantime, interim relief in terms of prayer 9(D) is granted.
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