Income-tax Act, 1961 · Chapter XIX: A · Settlement of cases
Section 245B: Income-tax Settlement Commission
The Income-tax Act, 1961 was repealed by the Income-tax Act, 2025 from 1 April 2026. The text is kept here because the judgments below apply it.
(1) The Central Government shall constitute a Commission to be called the Income-tax Settlement Commission *** for the settlement of cases under this Chapter.
(2) The Settlement Commission shall consist of a Chairman [and as many Vice-Chairmen and other members as the Central Government thinks fit] and shall function within the Department of the Central Government dealing with direct taxes. * * * * *
(3) The Chairman [, Vice-Chairman] and other members of the Settlement Commission shall be appointed by the Central Government from amongst persons of integrity and outstanding ability, having special knowledge of, and, experience in, problems relating to direct taxes and business accounts:
Provided that, where a member of the Board is appointed as the Chairman [, Vice-Chairman] or as a member of the Settlement Commission, he shall cease to be a member of the Board. * * * * *
Source: India Code (Legislative Department), the text of the Act as it stood before its repeal. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 245B
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The Patna Municipal Corporation & Ors. v. M/S Tribro Ad Bureau & Ors.
The Division Bench of the High Court set aside the judgment of the Single Judge of the High Court and held that the appellant(s) herein could not raise any demand of tax/fee/royalty on advertisement(s) since it has been…
- Commissioner of Income Tax(Central)-Iii v. Income Tax Settlement Commission & Anr
- Commissioner of Income Tax, Mumbai v. Anjum M.H. Ghaswala and Ors.