Income Tax Act, 2025
Section 245B: Income-tax Settlement Commission.—(1) The Central Government shall constitute a
245B. Income-tax Settlement Commission.—(1) The Central Government shall constitute a
Commission to be called the Income-tax Settlement Commission 2*** for the settlement of cases under
this Chapter.
(2) The Settlement Commission shall consist of a Chairman 3[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.
4* * * * *
(3) The Chairman 5[, 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 5[, Vice-Chairman] or as a
member of the Settlement Commission, he shall cease to be a member of the Board.
6* * * * *
7[245BA. Jurisdiction and powers of Settlement Commission.—(1) Subject to the other provisions
of this Chapter, the jurisdiction, powers and authority of the Settlement Commission may be exercised by
Benches thereof.
(2) Subject to the other provisions of this section, a Bench shall be presided over by the Chairman or
a Vice-Chairman and shall consist of two other Members.
(3) The Bench for which the Chairman is the Presiding Officer shall be the principal Bench and the
other Benches shall be known as additional Benches.
(4) Notwithstanding anything contained in sub-sections (1) and (2), the Chairman may authorise the
Vice-Chairman or other Member appointed to one Bench to discharge also the functions of the
Vice-Chairman or, as the case may be, other Member of another Bench.
(5) Notwithstanding anything contained in the foregoing provisions of this section, and subject to any
rules that may be made in this behalf, when one of the persons constituting a Bench (whether such person
be the Presiding Officer or other Member of the Bench) is unable to discharge his functions owing to
absence, illness or any other cause or in the event of the occurrence of any vacancy either in the office of
the Presiding Officer or in the office of one or the other Members of the Bench, the remaining two
persons may function as the Bench and if the Presiding Officer of the Bench is not one of the remaining
two persons, the senior among the remaining persons shall act as the Presiding Officer of the Bench:
The Central Government shall constitute a
Commission to be called the Income-tax Settlement Commission 2*** for the settlement of cases under
this Chapter.
The Settlement Commission shall consist of a Chairman 3[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.
4* * * * *
The Chairman 5[, 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 5[, Vice-Chairman] or as a
member of the Settlement Commission, he shall cease to be a member of the Board.
6* * * * *
7[245BA. Jurisdiction and powers of Settlement Commission.—
Subject to the other provisions
of this Chapter, the jurisdiction, powers and authority of the Settlement Commission may be exercised by
Benches thereof.
Subject to the other provisions of this section, a Bench shall be presided over by the Chairman or
a Vice-Chairman and shall consist of two other Members.
The Bench for which the Chairman is the Presiding Officer shall be the principal Bench and the
other Benches shall be known as additional Benches.
Notwithstanding anything contained in sub-sections
and
Notwithstanding anything contained in the foregoing provisions of this section, and subject to any
rules that may be made in this behalf, when one of the persons constituting a Bench (whether such person
be the Presiding Officer or other Member of the Bench) is unable to discharge his functions owing to
absence, illness or any other cause or in the event of the occurrence of any vacancy either in the office of
the Presiding Officer or in the office of one or the other Members of the Bench, the remaining two
persons may function as the Bench and if the Presiding Officer of the Bench is not one of the remaining
two persons, the senior among the remaining persons shall act as the Presiding Officer of the Bench: