S.245C Income Tax Act Doesn't Require Prior Cut-Off Date; Pending S.153A/153C Notice Enough for Settlement Application: Kerala High Court

The Kerala High Court has delivered a significant judgment on the interpretation of Section 245C of the Income Tax Act, 1961, specifically addressing the legal consequences following the abolition of the Income Tax Settlement Commission by the Finance Act, 2021. The judgment, pronounced by a Division Bench comprising Dr. Justice A.K. Jayasankaran Nambiar and Justice P.M. Manoj, resolves multiple appeals involving the applicability of cut-off dates for filing settlement applications…