Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Amendment Rules, 2021 - G.S.R. 245 (E) - Income Tax Act, 1961
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Cessation of Settlement Commission office holders to cease on notified date, with limited compensation entitlement. The amendment inserts a proviso in rule 7 providing that any person appointed as Chairman, Vice-Chairman or Member holding office immediately before a date to be notified shall, on and from such date, cease to hold such office and shall be entitled to claim compensation not exceeding three months' pay and allowances for premature termination of their term. The amendment is retrospective to 1st February, 2021 pursuant to a Finance Bill provision that the Settlement Commission shall cease to operate on or after that date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cessation of Settlement Commission office holders to cease on notified date, with limited compensation entitlement.
The amendment inserts a proviso in rule 7 providing that any person appointed as Chairman, Vice-Chairman or Member holding office immediately before a date to be notified shall, on and from such date, cease to hold such office and shall be entitled to claim compensation not exceeding three months' pay and allowances for premature termination of their term. The amendment is retrospective to 1st February, 2021 pursuant to a Finance Bill provision that the Settlement Commission shall cease to operate on or after that date.
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