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of <h1>Finance Bill 2011 amends Section 245D, adding sub-section (6B) for rectifying Settlement Commission orders with transparency.</h1> Section 245D of the Income-tax Act is amended by the Finance Bill, 2011, with the insertion of sub-section (6B), effective June 1, 2011. This new provision allows the Settlement Commission to amend any order within six months to rectify apparent mistakes. However, if the amendment modifies the applicant's liability, the Commission must notify both the applicant and the Commissioner, providing them an opportunity to be heard before proceeding. This ensures transparency and fairness in rectifying orders related to applications under section 245C.
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