Rule 44CA amended w.r.t Settlement Commission

Rule 44CA of Income-tax Rules, 1962 with respect to the settlement commission has been amended. Refer Notification 05/2014

Earlier Amended
(1) Settlement Commission shall forward a copy of the application in Form No.34B (other than the Annexure and the statements and other documents accompanying such Annexure) to the commissioner while calling the report. (1) Settlement Commission shall forward a copy of the application in Form No.34B (including the Annexure and the statements and other documents accompanying such Annexure) to the commissioner while calling the report.
(2) Where an application has not been declared invalid under sub-section (2C) of section 245D or an application has been allowed to be further proceeded with under sub-section (2D) of section 245D, the information contained in the Annexure to the application in Form No.34B and in the statements and other documents accompanying such Annexure shall be sent to the Commissioner (2) Where an application has not been declared invalid under sub-section (2C) of section 245D or an application has been allowed to be further proceeded with under sub-section (2D) of that section, all the material and other information produced by the assessee before the Settlement Commission shall be sent to the Commissioner to enable him to furnish the report under sub-section (3) of section 245D.
N/A (3) Where the proceeding before the Settlement Commission abates, the Commission shall send, all the material and other information produced by the assessee before the Commission and the results of any enquiry held or evidence recorded in the course of proceedings before it, to the Commissioner.

 

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