<h1>Eligible Taxpayers Can File Settlement Applications with Interim Board by September 30, 2021, Amid ITSC Closure Uncertainty.</h1> The Finance Act, 2021 ceased the operation of the Income-tax Settlement Commission (ITSC) from February 1, 2021, prohibiting new settlement applications. To address pending applications as of January 31, 2021, the government established an Interim Board for Settlement. Taxpayers in advanced stages of filing before the ITSC's cessation, or those granted interim relief by High Courts, faced uncertainty. To alleviate this, eligible taxpayers can file settlement applications with the Interim Board by September 30, 2021, if their assessment proceedings are pending. Such applications, once filed, cannot be withdrawn, and legislative amendments are anticipated.