Interim Boards for Settlement established to resolve pending tax settlement applications with panel decisions by majority. Section 245AA provides that the Central Government shall constitute one or more Interim Boards for Settlement to handle pending settlement applications; ... Summary
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Interim Boards for Settlement established to resolve pending tax settlement applications with panel decisions by majority.
Section 245AA provides that the Central Government shall constitute one or more Interim Boards for Settlement to handle pending settlement applications; each Interim Board shall consist of three members, each an officer of the rank of Chief Commissioner nominated by the Board; differences of opinion among members on any point shall be decided according to the opinion of the majority.
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