Allowing the petition the Court held that the finding of the Settlement Commission that the failure to offer interest income on non-performing assets constituted a failure to make a full and true disclosure for the purpose of section 245C of the Act, was unsustainable. The rejection of the application for settlement of case is  not valid. By virtue of the provisions contained in the Finance Act, 2021, sections 245A and 245B of the Act had been amended, and the Settlement Commission ceased to exist. In the place of the Settlement Commission, an Interim Board has been constituted to consider and entertain applications for settlement which were pending. The effect of an order quashing the order passed by the Settlement Commission would result in the application for settlement filed by the assessee being treated as a ”pending application” which has to be disposed of by the Interim Board.](AY.2010-11 to 2017-18)