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<h1>Amendment Rules 2021: Settlement Commission roles end on specified date with compensation; aligns with Finance Bill 2021.</h1> The Settlement Commission (Income-tax and Wealth-tax) (Recruitment and Conditions of Service of Chairman, Vice-Chairmen and Members) Amendment Rules, 2021, effective from February 1, 2021, amends the 2015 rules by inserting a proviso in rule 7. It states that any person holding the position of Chairman, Vice-Chairman, or Member before a date specified by the Central Government will cease to hold office from that date. They are entitled to compensation not exceeding three months' pay and allowances for premature termination. This amendment aligns with the Finance Bill, 2021, indicating the cessation of the Settlement Commission's operation from February 1, 2021.