Wealth-tax Settlement Commission.

22B.    (1) The Central Government shall constitute a Commission to be called the Wealth-tax Settlement Commission 31[***] for the settlement of cases under this Chapter.

(2) The Settlement Commission shall consist of a Chairman 32[and as many Vice-Chairmen and other members as the Central Government thinks fit] and  shall function within the Department of the Central Government dealing with direct taxes.

(2A) 33[* * *]

(3) The Chairman 34[, Vice-Chairman] and other members of the Settlement Commission shall be appointed by the Central Government from amongst persons of integrity and outstanding ability, having special knowledge of, and experience in, problems relating to direct taxes and business accounts :

Provided that, where a member of the Board is appointed as the Chairman 35[, Vice-Chairman] or as a member of the Settlement Commission, he shall cease to be a member of the Board.

36[* * *]