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2021 (4) TMI 22 - HC - Income TaxApplication for settlement of cases under Section 245C rejected - abolishment of Settlement Commission as proposed in Union budget 21-22 - as submitted that till Finance Bill 2021 is placed before the Houses of Parliament and assented to by the President of India, it is only a proposal and not enforceable and in absence of any enforceable enactment the Income Tax Settlement Commission is under statutory obligation to function as per the prevailing law - HELD THAT:- Considering the fact that Act has not been promulgated by the Parliament till date, prima-facie, we are of the view that Settlement Commission till date has not been abolished. In view of aforesaid, as an interim measure we provide liberty to the petitioner to file an application before the Income Tax Settlement Commissioner-respondent no. 4 by Monday i.e. 22.03.2021, as per procedure laid down under the Act and if such an application is filed the same shall be received by the Income Tax Settlement Commission- respondent no. 4.
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