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Settlement Application Validity Under Clause [iv] of S.245A: Madras HC Confirms Deemed Pendency Before March 31, 2021

Update / Judgement Date

13 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The Madras High Court has confirmed the deemed pendency of a settlement application under clause (iv) of Section 245A before March 31, 2021. The court emphasized the need for adhering to statutory timelines. This decision ensures fairness and protects the rights of assessees. The ruling clarifies the validity of settlement applications.