Short title, extent, commencement and eligibility criteria

(1) This Act may be called the Bihar Settlement of Taxation Disputes Act, 2015. (2) It shall extend to the whole of the State of Bihar. (3) It shall come into force at once and shall remain in force for three months from the date of issuance of the notification. (4) It shall be applicable to all such disputes that have arisen from the proceedings up to the financial year 2010-11 under the Laws and for which the application for settlement of the dispute has been made by the party fifteen days before the termination of the Act and payment of settlement amount has been made during the period the Act remained in force.