Settlement Commission enables taxpayers to apply for case settlement with conditional immunity and conclusive settlement orders. A new Chapter VA creates the Wealth tax Settlement Commission to settle pending wealth tax proceedings: assessees may apply with prescribed fees; the Commission can call records, direct further enquiry, hear parties, and pass conclusive settlement orders specifying tax, penalty, interest, payment terms and a voidance clause for fraud. The Commission has powers of a Wealth tax authority, may grant conditional immunity from prosecution and penalty for full disclosure and cooperation, may re open completed proceedings within limits, and controls inspection of reports while settlement sums are recoverable under the Act.