Section 22M - Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission - Wealth Tax Act, 1957

Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the Settlement Commission. 1 22M. [Omitted by the Finance Act, 1987, w.e.f. 1-6-1987.] ------------------------ Notes:- 1. Omitted section 22M as inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 and as amended by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984, read as under : "22M. (1) Notwithstanding anything contained in this Chapter, any assessee who has filed an appeal to the Appellate Tribunal under this Act which is pending before it shall, on withdrawing such appeal from the Appellate Tribunal before the 1st day of October, 1984, be entitled to make an application to the Settlement Commission to have his case settled under this Chapter: Provided that no such assessee shall be entitled to make an application in a case where the Wealth-tax Officer has preferred an appeal under sub-section (2) of section 24 against the order to which the assessee's appeal relates. (2) Any assessee referred to in sub-section (1) may make an application to the Appellate Tribunal for permission to withdraw the appeal. (3) On receipt of an application under sub-section (2), the Appellate Tribunal shall grant permission to withdraw the appeal. (4) Upon the withdrawal of the appeal, the proceeding in appeal immediately before such withdrawal shall, for the purposes of this Chapter, be deemed to be a proceeding pending before a wealth-tax authority. (5) An application to the Settlement Commission under this section shall be made within a period of thirty days from the date on which the order of the Appellate Tribunal permitting the withdrawal of the appeal is communicated to the assessee. (6) An application made to the Settlement Commission under this section shall be deemed to be an application made under sub-section (1) of section 22C and the provisions of this Chapter except sub-section (7) of section 22D shall apply accordingly. (7) Where an application made to the Settlement Commission under this section is not entertained by the Settlement Commission, then the assessee shall not be deemed to have withdrawn the appeal from the Appellate Tribunal and the provisions contained in section 24 and section 26 shall, so far as may be, apply accordingly."