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Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman Vice-Chairmen and Members) Rules 2015

Income Tax - F. No. Q. 22013/1/2014-Ad.IC (AAR) - Dated:- 27-3-2015 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th March, 2015 G.S.R. 235(E).-In exercise of the powers conferred by the proviso to article 309 of the Constitution, and in supersession of the Settlement Commission (Income-tax/Wealth-tax) (Recruitment and Conditions of service of Chairman, Vice-Chairmen and Members) Rules, 2000, except as respects things done or omitted to be done before such supersess .....

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an of the Commission; (b) "Vice-Chairman" means a Vice-Chairman of the Commission; (c) "Member" means a Member of the Commission; and (d) "Commission" means the Settlement Commission (income-tax and Wealth-tax) constituted under section 245B of the Income Tax Act, 1961 (43 of 1961) and Section 22B of the Wealth Tax Act, 1957 (27 of 1957). 3. Qualifications for recruitment and method of recruitment.-(i) The appointment to the posts of Chairman, Vice Chairmen and Memb .....

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e-chairman of the respective Bench. 3. Member Serving Chief Commissioners or Principal Chief Commissioners or Principal Commissioner of Income-tax or of equivalent rank Note : The officer should be in service on the date of occurrence of the vacancy. (2) Appointment of the Chairman, Vice-Chairmen and Members shall be made by the Central Government on the recommendation of a Selection Committee comprising of the Cabinet Secretary, Secretary in charge of the Department of Revenue and Secretary Dep .....

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gratuity and commutation of pension in accordance with the retirement rules applicable to him; (ii) shall not be allowed to carry forward his earned leave but shall be entitled to receive cash equivalent of leave salary, if any, in accordance with the rules applicable to him prior to his retirement; (iii) shall, on the expiry of the term of his office in the Commission, whether as Member or in continuation as Vice Chairman or Chairman, as the case may be, be entitled to receive cash equivalent .....

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er mensem Vice-Chairman - ₹ 67,000-79,000/- (annual increment @ 3%) per mensem Member - ₹ 67,000-79,000/- (annual increment @ 3%) per mensem (2) In addition to the salary as specified under sub-rule (1), the Chairman, a Vice-Chairman or a Member shall be entitled to draw such allowances as are admissible to a Group A' Central Government Officer of equivalent grade. Provided that if the Chairman, a Vice-Chairman or a Member is in receipt of pension in respect of any previous servi .....

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er 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 Vice Chairman in the Commission, subject to the condition that his total service in the Commission shall not exceed five years or his age shall not exceed sixty-two years, whichever is earlier : Provided further that the Chairman, Vice-Cha .....

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