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TMI BlogInsertion of new Chapter VAX X X X Extracts X X X X X X X X Extracts X X X X ..... s, and shall function within the Department of the Central Government dealing with direct taxes. (3) The Chairman and other members of the Settlement Commission shall be appointed by the Central Government from amongst persons of integrity and outstanding ability, having special knowledge of, and experience in, problems relating to direct taxes and business accounts: Provided that where a member of the Board is appointed as the Chairman Or as a member of the Settlement Commission, he shall cease to be a member of the Board: Provided further that, until the members are appointed under-this sub-section, it shall be competent for the Central Government to require,-from time to time, any two members of the Board to serve as members of the Settlement Commission for such period as the Central Government thinks fit, in addition to their duties as members of the Board. 22C. Application for settlement of cases. (1) An assessee may, at any stage of a case relating to him, make an application in such form and in such manner and containing such particulars, as may be prescribed to the Settlement Commission to have the case settled and any such application shall be disposed of in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on may, in accordance with the provisions of this Act, pass such order as it thinks fit on the matters covered by the application and any other matter relating to the case not covered by the application but referred to in the report of the Commissioner under sub-section (1) or sub-section (3). (5) The materials brought on record before the Settlement Commission. shall be considered by all the members thereof before passing any order under sub-section (4) and, in the case of a difference of opinion among the members, the opinion of the majority shall prevail and such order shall be expressed in terms of the views of the majority. (6) Every order passed under sub-section (4) shall provide for the terms of settlement including any demand by way of tax, penalty or interest, the manner in which any sum due under the settlement shall be paid and all other matters to make the settlement effective and shall also provide that the settlement shall be void if it is subsequently found by the Settlement Commission that it has been obtained by fraud or misrepresentation of facts. (7) Where a settlement becomes void as provided in sub-section (6), the proceedings with respect to the matters ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hereby declared that in the absence of any express direction by the Settlement Commission to the contrary, nothing in this Chapter shall affect the operation of the provisions of this Act in so far as they relate to any matters other than those before the Settlement Commission. (5) The Settlement Commission shall, subject to the provisions of this Chapter, have power to, regulate its own procedure (including the fixation of places and times of its meetings) and may act notwithstanding that all the members of the Settlement Commission are not present at any of its meetings. 22G. 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, e furnish copies thereof to any such person on an application made to it in this behalf and on payment of the prescribed fee: Provided that, for the purpose of enabling any person whose case is under consideration to rebut any evidence brought on the record against him in any such report, the Settlement Commission shall, on an application made in this behalf and on payment of the pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ho made the application for settlement under section 22C 22K. Bar on subsequent application for Settlement in certain cases. Where- (i) an carder of settlement passed under sub-section (4) of section 22D provides for the imposition off 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 the passing of an order of settlement' under the said subsection (4) in relation to a case, such: person is convicted of any offence under Chapter' VIII in' relation' to that case, then, he; shall not be entitled to apply for settlement-under section 22C in relation to any other matter. 22L. Proceedings before 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 196, of the Indian' Penal Code (45 of 1860). 22M. Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications to the settlement Commission. (1) Notwithstanding anything contained in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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