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of <h1>Amendments to Section 245D streamline pending Income-tax applications with new provisions for order modifications and efficient settlements.</h1> Section 245D of the Income-tax Act is amended to validate applications pending as of January 31, 2021. Amendments to sub-section (6B) allow order modifications without specific reference to the Settlement Commission. Sub-section (9) introduces provisions for applications assigned to the Interim Board from February 1, 2021, with adjustments in time limits for order amendments and application filings. Sub-sections (11) to (13) enable the Central Government to establish a scheme for efficient, transparent, and accountable settlement of pending applications, with notifications to be presented to Parliament. These changes are effective from February 1, 2021.
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