Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission. Omitted by the Finance Act, 1987, w.e.f. 1-6-1987

Proceedings before the Settlement Commission to be judicial proceedings Any proceeding under this Chapter before the Settlement Commission shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228, and for the purposes of section 19690, of the Indian Penal Code (45 of 1860).  

Bar on subsequent application for settlement (1) Where,— (i)   an order of settlement passed under sub-section (4) of section 22D provides for the imposition of a penalty on the person who made the application under section 22C for settlement, on the ground of concealment of particulars of his net wealth; or (ii)   after

Recovery of sums due under order of settlement Any sum specified in an order of settlement passed under sub-section (4) of section 22D may, subject to such conditions, if any, as may be specified therein, be recovered, and any penalty for default in making payment of such sum may be imposed and recovered in accordance

Order of settlement to be conclusive Every order of settlement passed under sub-section (4) of section 22D shall be conclusive as to the matters stated therein and no matter covered by such order shall, save as otherwise provided in this Chapter, be reopened in any proceeding under this Act or under any other law for

Credit for tax paid in case of abatement of proceedings Where an application made under section 22C on or after the 1st day of June, 2007, is rejected under sub-section (1) of section 22D, or any other application made under section 22C is not allowed to be proceeded with under sub-section (2A) of section 22D

Abatement of proceedings before Settlement Commission (1) Where,— (i)   an application made under section 22C on or after the 1st day of June, 2007 has been rejected under sub-section (1) of section 22D; or (ii)   an application made under section 22C has not been allowed to be proceeded with under sub-section (2A) or

Powers of Settlement Commission to grant immunity from prosecution. (1) The Settlement Commission may, if it is satisfied that any person who made the application for settlement under section 22C has co-operated with the Settlement Commission in the proceedings before it and has made a full and true disclosure of his net wealth and the

Inspection, etc., of reports No person shall be entitled to inspect, or obtain copies of, any reports made by any wealth-tax authority to the Settlement Commission ; but the Settlement Commission may, in its discretion, furnish copies thereof to any such person on an application made to it in this behalf and on payment of

Powers and procedure of Settlement Commission (1) In addition to the powers conferred on the Settlement Commission under this Chapter, it shall have all the powers which are vested in a wealth-tax authority under this Act. (2) Where an application made under section 22C has been allowed to be proceeded with under section 22D, the