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of <h1>Income-tax Act Sections 245BA-245BD: Settlement Commission Jurisdiction, Composition, and Decision-Making Procedures Explained.</h1> Sections 245BA to 245BD of the Income-tax Act, inserted by the Finance Act, 1987, outline the jurisdiction and functioning of the Settlement Commission. Section 245BA details the composition and authority of the Commission's Benches, including provisions for presiding officers and handling vacancies. Section 245BB allows the Vice-Chairman to act as Chairman under specific circumstances. Section 245BC grants the Chairman the power to transfer cases between Benches. Section 245BD mandates that decisions be made by majority opinion, with procedures for resolving deadlocks among Bench members. These provisions took effect on June 1, 1987.
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