Review petitions on Finance Act 2021 abolishing Income Tax Settlement Commission dismissed, earlier refusal of leave affirmed SC considered review petitions challenging the effect of the Finance Act, 2021, which abolished the Income Tax Settlement Commission and created an ...
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Review petitions on Finance Act 2021 abolishing Income Tax Settlement Commission dismissed, earlier refusal of leave affirmed
SC considered review petitions challenging the effect of the Finance Act, 2021, which abolished the Income Tax Settlement Commission and created an Interim Board limited to applications pending as of 01.02.2023. Referring to its earlier orders in similar matters, including decisions involving an educational trust and a marketing entity, SC held that there was no error apparent on the face of the record warranting interference. Finding no merit in the contentions raised, SC dismissed the review petitions and affirmed the earlier dismissal of the special leave petitions.
The Supreme Court entertained a Review Petition with a delay, which was formally condoned. Upon examining the Review Petition, the earlier order under challenge, and the accompanying papers, the Court concluded that the statutory threshold for review had not been met. Specifically, the Court found "no error apparent on the face of the record or any merit in the Review Petition warranting reconsideration of the order impugned." On this basis, the Court exercised its limited review jurisdiction to decline interference with the original order and dismissed the Review Petition. All pending applications connected with the matter were also disposed of as a consequence of this dismissal.
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