TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2023 amends Section 245D of Income Tax Act, extending IBS's rectification timeline to September 30, 2023.</h1> The Finance Bill, 2023 proposes an amendment to Section 245D of the Income Tax Act, addressing the disposal of pending rectification applications by the Interim Board for Settlement (IBS). Following the abolition of the Settlement Commission in 2021, IBS was tasked with handling pending applications. The amendment extends the time for IBS to amend orders or file rectification applications, initially set to expire between February 1, 2021, and February 1, 2022, to September 30, 2023. This extension aims to resolve pending cases and prevent further litigation, with the amendment effective retrospectively from February 1, 2021.
TaxTMI 
TaxTMI 