https://www.taxtmi.com/acts?id=7887 Procedure for applications under section 127B requires the Settlement Commission to issue notice within seven days, decide within fourteen days whether the application may proceed, and treat inaction within the prescribed period as deemed permission to proceed. If allowed, the Commission must call for the Commissioner's report, may direct further inquiry by the Commissioner (Investigation), and after considering the reports, evidence, and hearing the parties, may pass an order on the application and connected matters. The provision also prescribes time limits for passing settlement orders, terms of settlement, recovery of unpaid sums, and revival of proceedings if the settlement becomes void. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 May 2026 15:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7887 Procedure for applications under section 127B requires the Settlement Commission to issue notice within seven days, decide within fourteen days whether the application may proceed, and treat inaction within the prescribed period as deemed permission to proceed. If allowed, the Commission must call for the Commissioner's report, may direct further inquiry by the Commissioner (Investigation), and after considering the reports, evidence, and hearing the parties, may pass an order on the application and connected matters. The provision also prescribes time limits for passing settlement orders, terms of settlement, recovery of unpaid sums, and revival of proceedings if the settlement becomes void. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7887