Power of Settlement Commission to reopen completed proceedings.
22E. If the Settlement
Commission is of the opinion (the reasons for such opinion to be recorded by it
in writing) that, for the proper
disposal of the case pending before it, it is necessary or expedient to reopen
any proceeding connected with the case, but which has been completed under this
Act by any wealth-tax authority before the application under section 22C was
made, it may, with the concurrence of the applicant, reopen such proceeding and
pass such order thereon as it thinks fit as if the case in relation to which
the application for settlement had been made by the applicant under that
section covered such proceeding also :
73[Provided that no proceeding shall be
reopened by the Settlement Commission under this section if the period between
the end of the assessment year to which such a proceeding relates and the date
of application for settlement under section 22C exceeds nine years :]
74[Provided further that
no proceeding shall be reopened by the Settlement Commission under this section
in a case where an application under section 22C is made on or after the 1st
day of June, 2007.]