Settlmnt Comm
Sec32O /127L
*Now assessee can apply for settlement more than 1ce.
*Bar on subsequent applicatn in cases whr -
1.an order of settlement passed which provides for imposition of penalty on grounds of CONCEALMENT of duty liablity
2.A person is convicted of any OFFENCE, after passing of settlement order
3.CASE IS SENT BACK by Set.Comm. to CEO
Sec32F /127C
Time limit for passing order of Settlement can b extended by 3months. Earlier this time limit was 9months
Sec32E /127B
Now assessee can file application for settlement where he has not maintained proper records
Sec32O /127L
*Now assessee can apply for settlement more than 1ce.
*Bar on subsequent applicatn in cases whr -
1.an order of settlement passed which provides for imposition of penalty on grounds of CONCEALMENT of duty liablity
2.A person is convicted of any OFFENCE, after passing of settlement order
3.CASE IS SENT BACK by Set.Comm. to CEO
Sec32F /127C
Time limit for passing order of Settlement can b extended by 3months. Earlier this time limit was 9months
Sec32E /127B
Now assessee can file application for settlement where he has not maintained proper records
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