Power and procedure of Settlement Commission

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..... nder this Act or the rules made thereunder. (2) Where an application made under section 127B has been allowed to be proceeded with under section 127C, the Settlement Commission shall, until an order is passed under sub-section 1 [(5) ] of section 127C, have, subject to the provisions of sub-section 1 [(4)] of that section, exclusive jurisdiction to exercise the powers and perform the funct .....

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..... nches shall hold their sittings. ----------------- Notes:- 1. For words (7) and (6) , the words (5) and (4) has been substituted by Finance Act 2007 with effect from the 1st day of June, 2007 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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