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Powers and procedure of Settlement Commission

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..... pplication made under section 22C has been allowed to be proceeded with under section 22D, the Settlement Commission shall, until an order is passed under sub-section (4) of section 22D, have, subject to the provisions of sub-section (3) of that section, exclusive jurisdiction to exercise the powers and perform the functions of a wealth-tax authority under this Act in relation to the case : .....

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..... usive jurisdiction up to the date on which the application is rejected, or, not allowed to be proceeded with, or, declared invalid, or, not allowed to be further proceeded with, as the case may be. ] (3) Notwithstanding anything contained in sub-section (2) and in the absence of any express direction to the contrary by the Settlement Commission, nothing contained in this section shall a .....

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..... the discharge of its functions, including the places at which the Benches shall hold their sittings.] --------------------------- Notes:- 1. Inserted by the Finance Act, 2007, w.e.f. 1-6-2007. 2. Omitted vide Finance Act, 1987, w.e.f. 1-6-1987. Omitted sub-sections (5) and (6), which were earlier substituted for sub-section (5) by the Taxation Laws (Amendment Miscella .....

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