[ https://x.com/sekarreporter1/status/1725492704782803174?t=FurLwR3Easw9c16fnA56aQ&s=08 11/17, 18:02] sekarreporter1: The First Bench of the Madras HighCourt upheld the provisions of the amendments made in the Finance Act, 2021 with regard to abolition of Income Tax settlement Commission and however 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 1st date of February, 2021 as 31st day of March, 2021 and Consequently the last date of eligibility mentioned paragraph 4(i) of the impugned circular dated 28.09.2021 shall also be read as 31.03.2021. ARL Sundaresan, ASG appeared for Union of India assisted by Rajesh Vivekananandan, DSG and A.P.Srinivas, Senior Standing Counsel appeared for the Income Tax Department. [11/17, 18:02] sekarreporter1: Super
[11/17, 18:02] sekarreporter1: The First Bench of the Madras HighCourt upheld the provisions of the amendments made in the Finance Act, 2021 with regard to abolition of Income Tax settlement Commission and however 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 1st date of February, 2021 as 31st day of March, 2021 and Consequently the last date of eligibility mentioned paragraph 4(i) of the impugned circular dated 28.09.2021 shall also be read as 31.03.2021.
ARL Sundaresan, ASG appeared for Union of India assisted by Rajesh Vivekananandan, DSG and A.P.Srinivas, Senior Standing Counsel appeared for the Income Tax Department.
[11/17, 18:02] sekarreporter1: Super
