Exclusive jurisdiction of Settlement Commission to exercise wealth-tax authority powers over cases pending settlement, subject to self-assessment and chapter provisions.

Settlement Commission has all powers of a wealth-tax authority and, where an application is permitted to proceed, holds exclusive jurisdiction to exercise those powers in the case until an order is passed, subject to statutory exceptions; absent an express direction by the Commission, this does not affect the applicant's self-assessment obligation or the operation of Act provisions relating to matters not before the Commission. The Commission may regulate its own procedure and that of its Benches, including sittings.

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