TMI BlogSettlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... the following rules regulating the recruitment and conditions of service of persons appointed as Chairman, Vice-Chairmen and Members of the Settlement Commission (Income-tax/Wealth-tax), namely :- 1. Short title and Commencement.- (1) These rules may be called the Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Rules, 2015. (2) They shall come into force on the date of their publication in the official Gazette. 2. Definitions.- In these rules, unless the context otherwise requires- (a) Chairman means the Chairman of the Commission; (b) Vice-Chairman means a Vice-Chairman of the Commission; (c) Member means a Member of the Commissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee comprising of the Cabinet Secretary, Secretary in charge of the Department of Revenue and Secretary Department of Personnel and Training. 4. Retirement from parent service on appointment as Chairman or Vice-Chairman or Member .-- (1) Where, a Member, on the date of his appointment to the Commission, was in service under the Central Government, be shall seek retirement from such service before joining the Commission, and shall be deemed to have so retired on the date of his joining the Commission. (2) On retirement as specified under sub-rule (1), the Member (i) shall be entitled to receive pension, gratuity and commutation of pension in accordance with the retirement rules applicable to him; (ii) shall not be allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h salary shall be reduced by the amount of pension and pension equivalent of gratuity or any other form of retirement benefits. 1 [ 6. Contributions to Contributory Provident Fund. The Chairman, Vice-Chairman and Members shall be entitled to make contribution to the Contributory Provident Fund subject to such conditions as are applicable to a non-pensionable servant of the Central Government. ] 7. Tenure. A person appointed as the Chairman or a Vice-Chairman or a Member shall hold office for a period of five years or till he attains the age of sixty-two years, whichever is earlier, and shall not be entitled for reappointment. Provided that a serving Vice-Chairman or a Member shall be eligible for appointment as Chairman or V ..... X X X X Extracts X X X X X X X X Extracts X X X X
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