https://www.taxtmi.com/notifications?id=135414 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. en-us Wed, 31 Mar 2021 00:00:00 +0530 Fri, 02 Apr 2021 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135414 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. Notifications Income Tax Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135414