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1961Section 245AA

245AA. Interim Boards for Settlement.

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From the Income Tax Department's correspondence.

(1) The Central Government shall constitute one or more Interim Boards for Settlement, as may be necessary, for the settlement of pending applications.

(2) Every Interim Board shall consist of three members, each being an officer of the rank of Chief Commissioner, as may be nominated by the Board.

(3) If the Members of the Interim Board differ in opinion on any point, the point shall be decided according to the opinion of the majority.

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·