Power of Settlement Commission to reopen completed proceedings If the Settlement Commission is of the opinion (the reasons for such opinion to be recorded by it in writing) that, for the proper disposal of the case pending before it, it is necessary or expedient to reopen any proceeding connected with the case, but which has […]

Power of Settlement Commission to order provisional attachment to protect revenue (1) Where, during the pendency of any proceeding before it, the Settlement Commission is of the opinion that for the purpose of protecting the interests of the revenue it is necessary so to do, it may, by order, attach provisionally any property belonging to

Procedure on receipt of an application under section 22C (1) *On receipt of an application under section 22C, the Settlement Commission shall, within seven days from the date of receipt of the application, issue a notice to the applicant requiring him to explain as to why the application made by him be allowed to be proceeded

Application for settlement of cases 1) 57An assessee may, at any stage of a case relating to him, make an application in such form and in such manner as may be prescribed, and containing a full and true disclosure of his wealth which has not been disclosed before the 58[Assessing Officer], the manner in which such wealth

Decision to be by majority If the Members of a Bench differ in opinion on any point, the point shall be decided according to the opinion of the majority, if there is a majority, but if the Members are equally divided, they shall state the point or points on which they differ, and make a

Power of Chairman to transfer cases from one Bench to another  On the application of the assessee or the 54[Chief Commissioner or Commissioner] and after notice to them, and after hearing such of them as may desire to be heard, or on his own motion without such notice, the Chairman may transfer any case pending before

Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances (1) In the event of the occurrence of any vacancy in the office of the Chairman by reason of his death, resignation or otherwise, the Vice- Chairman or, as the case may be, such one of the Vice-Chairmen as the Central Government

Jurisdiction and powers of Settlement Commission (1) Subject to the other provisions of this Chapter, the jurisdiction, powers and authority of the Settlement Commission may be exercised by Benches thereof. (2) Subject to the other provisions of this section, a Bench shall be presided over by the Chairman or a Vice-Chairman and shall consist of

Wealth-tax Settlement Commission (1) The Central Government shall constitute a Commission to be called the Wealth-tax Settlement Commission 45[***] for the settlement of cases under this Chapter. (2) The Settlement Commission shall consist of a Chairman 46[and as many Vice-Chairmen and other members as the Central Government thinks fit] and shall function within the Department of the

Assessment of persons residing outside India (1) Where the person liable to tax under this Act resides outside India, the tax may be levied upon and recovered from his agent, and the agent shall be deemed to be, for all the purposes of this Act, the assessee in respect of such tax. (2) Any person