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Income tax Settlement Commission establishes composition and seniority based appointment criteria for settlement of direct tax cases. Establishes the Income-tax Settlement Commission to settle cases under the Chapter, functioning within the Department of the Central Government dealing with direct taxes. The Commission shall comprise a Chairperson, Vice Chairpersons and other members appointed by the Central Government from Indian Revenue Service officers who meet prescribed long service and Commissioner rank seniority qualifications.
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<h1>Income tax Settlement Commission establishes composition and seniority based appointment criteria for settlement of direct tax cases.</h1> Establishes the Income-tax Settlement Commission to settle cases under the Chapter, functioning within the Department of the Central Government dealing with direct taxes. The Commission shall comprise a Chairperson, Vice Chairpersons and other members appointed by the Central Government from Indian Revenue Service officers who meet prescribed long service and Commissioner rank seniority qualifications.