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of <h1>Settlement Commission Has Exclusive Jurisdiction Over Section 245C Applications Under Income-Tax Act</h1> The Settlement Commission possesses all powers of an income-tax authority under the Income-tax Act and holds exclusive jurisdiction over cases where applications under section 245C are admitted for settlement, subject to certain conditions and timelines specified in section 245D. This exclusive jurisdiction applies from the date of application for cases filed on or after June 1, 2007, until the application is either disposed of or rejected. The Commission's jurisdiction does not affect other provisions requiring self-assessment tax payments unless expressly directed otherwise. It may regulate its own procedures, including the locations of its benches. From February 1, 2021, the powers and functions of the Settlement Commission are exercised by an Interim Board, with all applicable provisions extended to it accordingly.
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