Abolition of Income Tax Settlement Commission Ends Its Powers Under Sections 142(2A) and 245F of Income Tax Act The SC held that following the abolition of the Income Tax Settlement Commission, the commission no longer exists to exercise any powers, including ...
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Abolition of Income Tax Settlement Commission Ends Its Powers Under Sections 142(2A) and 245F of Income Tax Act
The SC held that following the abolition of the Income Tax Settlement Commission, the commission no longer exists to exercise any powers, including directing a special audit under section 142(2A) in the exercise of its powers under section 245F of the Income Tax Act, 1961. Consequently, the petition was disposed of as there was no authority remaining to adjudicate the matter.
The Supreme Court, after condoning the delay, disposed of the special leave petition on the ground that "on account of abolition of Income Tax Settlement Commission, nothing survives for adjudication in this matter." Consequently, the Court found no substantive issue to be adjudicated. All pending applications related to the petition were also disposed of. The order reflects the principle that the abolition of a statutory authority rendering the subject matter non-justiciable leads to dismissal of the petition.
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