I-T department asks taxmen to accept applications till September 30 for settlement before Interim Board
The Income Tax department has issued an order asking taxmen to accept till September 30, applications for settlement of pending tax cases. The 2021-22 Budget, through the Finance Act, amended the provisions of the Income-Tax Act, 1961 to provide that the Income-tax Settlement Commission (ITSC) shall cease to operate from February 1, 2021. Further, it has also been provided
Source: deccanherald.com