9911796707
TMI BlogApplication of Income-tax Settlement Commission (Procedure) Rules, 1997X X X X Extracts X X X X X X X X Extracts X X X X ..... as the said rules) shall apply, so far as may be, to the procedure of the Wealth-tax Settlement Commission constituted under sub-section (1) of section 22B of the Wealth-tax Act, 1957 (27 of 1957) subject to the following modifications, namely : ( a ) Modification of rule 2 For rule 2 of the said rules, the following rule shall be substituted, namely : ' 2. Definitions . In these rules, unless ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rd of Direct Taxes to appear, plead and act for the Commissioner in any proceeding before the Commission. ( iv ) Commission means the Wealth-tax Settlement Commission constituted under sub-section (1) of section 22B of the Act and includes, where the context so requires, any Bench exercising or discharging the powers or functions of the Commission; ( v ) Officers of the Commission means Secretary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rule 6 . In rule 6 of the said rules, for the words, bracket, figures and letter sub-section (1) of section 245D the words, bracket, figures and letter sub-section (1) of section 22D shall be substituted. ( d ) Modification of rule 7. In rule 7 of the said rules, ( i ) for the words, bracket, figures and letter sub-section (1) of section 245D , occurring at both the places, the words, bracket, fig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowing the application to be proceeded with, a notice shall be issued by the Commission to the applicant requiring him to furnish in quintuplicate : ( a ) a full and true statement of facts regarding the matters to be settled (including the manner in which any wealth disclosed or proposed to be disclosed by the applicant has been acquired); and where the settlement involves determination of net we ..... X X X X Extracts X X X X X X X X Extracts X X X X
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