https://www.taxtmi.com/article/detailed?id=9685 The Finance Bill amendments establish an Interim Board for Settlement to assume the Settlement Commission's powers for pending applications, validate certain pending applications, prohibit new applications, and provide transitional rules for allotment, transfer and withdrawal of pending applications. The Interim Board exercises procedural and substantive powers-including provisional attachment, inspection, and grant of immunity-with modified references and adjusted limitation periods; the Central Government may notify schemes and disapply provisions to facilitate efficient processing, and evidence produced before the Commission is generally protected from use in other proceedings. en-us Tue, 16 Feb 2021 11:20:42 +0530 Tue, 16 Feb 2021 11:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9685 The Finance Bill amendments establish an Interim Board for Settlement to assume the Settlement Commission's powers for pending applications, validate certain pending applications, prohibit new applications, and provide transitional rules for allotment, transfer and withdrawal of pending applications. The Interim Board exercises procedural and substantive powers-including provisional attachment, inspection, and grant of immunity-with modified references and adjusted limitation periods; the Central Government may notify schemes and disapply provisions to facilitate efficient processing, and evidence produced before the Commission is generally protected from use in other proceedings. Articles Income Tax Tue, 16 Feb 2021 11:20:42 +0530 https://www.taxtmi.com/article/detailed?id=9685