# The Finance Act, 2021, Section 62: Amendment of section 245A

- Act: The Finance Act, 2021
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/62/

## Text

Amendment of section 245A. 62. In section 245A of the Income-tax Act, with effect from the 1st day of February, 2021,— (i) | after clause (d), the following clause shall be inserted and shall be deemed to have been inserted, namely:— '(da) "Interim Board" means the Interim Board for Settlement constituted under section 245AA;'; (ii) | after the clause (e), the following clauses shall be inserted and shall be deemed to have been inserted, namely:— '(ea) "Member of the Interim Board" means a Member of the Interim Board; (eb) "pending application" means an application which was filed under section 245C and which fulfils the following conditions, namely: — (i) | it was not declared invalid under sub-section (2C) of section 245D; and (ii) | no order under sub-section (4) of section 245D was issued on or before the 31st day of January, 2021 with respect to such application;'.

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