Section 22B:
Wealth-tax Settlement Commission.
(1) The Central Government shall constitute a
Commission to be called the Wealth-tax Settlement Commission 1*** for the settlement of cases under
this Chapter.
(2) The Settlement Commission shall consist of a Chairman 2[and as many Vice-Chairmen and other
members as the Central Government thinks fit] and shall function within the Department of the Central
Government dealing with direct taxes.
3* * * * *
(3) The Chairman 4[, Vice-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 4[, Vice-Chairman] or as a
member of the Settlement Commission, he shall cease to be a member of the Board.
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Notes:
1. The brackets and words "(hereafter in this Chapter referred to as "the Settlement Commission")" omitted by Act 11 of 1987, s.
78 (w.e.f. 1-6-1987).
2. Subs. by Act 46 of 1986, s. 35, for "and two other members" (w.e.f. 10-9-1986).
3. Sub-section (2A) omitted by Act 46 of 1986, s. 35 (w.e.f. 10-9-1986). Earlier sub-section (2A) was inserted by Act 14 of 1982,
s. 36 (w.e.f. 1-4-1982).
4. Ins. by s. 35, ibid. (w.e.f. 10-9-1986).
5. The second proviso omitted by s. 35, ibid. (w.e.f. 10-9-1986).