Cessation of Income-tax Settlement Commission operations declared by amendment under Finance Act, affecting its continued operation. An amendment to section 245B inserts a proviso deeming that the Income tax Settlement Commission shall cease to operate on or after a specified date, effected by the Finance Act, 2021, thereby terminating the Commission's ability to exercise its settlement functions from that effective date.
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Provisions expressly mentioned in the judgment/order text.
Cessation of Income-tax Settlement Commission operations declared by amendment under Finance Act, affecting its continued operation.
An amendment to section 245B inserts a proviso deeming that the Income tax Settlement Commission shall cease to operate on or after a specified date, effected by the Finance Act, 2021, thereby terminating the Commission's ability to exercise its settlement functions from that effective date.
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