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FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957

Are you facing wealth-tax disputes and seeking a straightforward way to resolve them? Our FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957 Format provides a ready-to-use, customizable legal template in PDF or Word format for instant download in India.

What is the FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957?

The FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957, also known as Form A, is the official prescribed format for taxpayers to apply to the Settlement Commission under the Wealth-Tax Act, 1957. This form enables individuals or entities with pending wealth-tax assessments, appeals, or disputes to voluntarily disclose full particulars of their income and wealth, proposing a settlement to avoid prolonged litigation. Although the Wealth-Tax Act was repealed in 2015, this form remains relevant for legacy cases, revisions, or related proceedings in Indian courts and tax authorities.

It serves as a critical tool for amicable resolution, allowing the Commission to pass a final order determining the tax liability, thereby closing the case expeditiously.

Why is the FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957 Format Important?

Filing this application is essential for taxpayers who wish to settle complex wealth-tax cases without exhaustive court battles. Key legal requirements under Section 22C(1) include full and true disclosure of assets, income, and liabilities for specific assessment years. Benefits include:

Reduced litigation costs and time.
Immunity from penalties and prosecution upon acceptance.
A single-window resolution by expert commissioners.

Non-compliance or incorrect formatting can lead to rejection, attracting further interest, penalties, or escalated disputes. Using a professionally drafted FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957 Sample ensures adherence to Income Tax Department guidelines, making it a must-have for compliant submissions.

Key Elements of the FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957

A standard FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957 legal template includes:

Applicant Details: Name, PAN, address, and status (individual, HUF, company).
Assessment Years: Specific years under dispute.
Particulars of Case: Brief facts, issues involved, and current proceedings.
Full Disclosure: Detailed statement of wealth, income, and manner of derivation.
Manner of Settlement: Proposed tax liability and payment details.
Verification: Signed declaration by applicant or authorized representative.
Annexures: Supporting documents like returns, notices, and computations.

These sections ensure completeness, as mandated by Wealth-Tax Rules.

Who Should Use the FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957?

This format is ideal for:

High-net-worth individuals (HNIs) with undisclosed assets.
HUFs, firms, or companies facing wealth-tax scrutiny.
Taxpayers in appeals before ITAT or higher authorities.
Anyone in India dealing with pre-2015 wealth-tax assessments.

Common use cases include settling escapement of wealth, valuation disputes, or aggregation issues.

Download Your Customizable FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957 Template Now!

Get our free download option or premium editable version in Word/PDF. Customize it effortlessly with your details and submit confidently. Perfect for lawyers, CAs, and taxpayers seeking ready-to-use FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957 Format.

Important Note: While this template is designed to meet court and company requirements in India, it is for informational purposes. Always consult a qualified tax lawyer or chartered accountant for personalized legal advice. Customize as per your specific case. Related searches: Wealth-Tax Settlement Application Sample, Section 22C Form PDF India, Settlement Commission Application Format, Wealth-Tax Act Templates.

FORM OF APPLICATION FOR SETTLEMENT OF CASES UNDER SECTION 22C(1) OF WEALTH-TAX ACT, 1957

Non-Judicial

FORM DA

[See rule 4A and 4AA]

Form of application for settlement of cases under section 22C(1) of Wealth-tax Act, 1957

IN THE SETTLEMENT COMMISSION ....................... *Settlement Application No. ....... 19...... 19.......

1.
Full name and address of the applicant 2.
Permanent Account Number 3.
Status [See Note 4] 4.

The Commissioner having jurisdiction over the applicant 5.

Assessment year(s) in connection with which the application for settlement is made 6.
Date of filling the return(s) of wealth for assessment year(s) referred to in column 5 7.
Proceedings to which application for settlement relates, the date from which proceedings are pending and the wealth-tax authority before whom the proceedings are pending [See note 6] 8.
Where any appeal or application for revision has been preferred after the expiry of the period specified for the filing of such appeal or application for revision, as the case may be, whether such appeal or revision has been admitted 9.
Date of seizure, if any, under section 37A of the Wealth-tax Act 10.
Particulars of the issues to be settled, nature and circumstances of the case and complexities of investigation involved [See Note 7] 11.
	Full and true disclosure of wealth which has not been disclosed before the Assessing Officer, the manner in which such wealth has been derived and the additional amount of Wealth-tax payable on such wealth [See notes 9 and 10] *.................................................* *Signed* *(Applicant)*

Verification

I, .........................................................................................................................................................................

Son/daughter/wife of ............................ do hereby solemnly declare that to the best of my knowledge and belief, what is stated above and in the Annexure [including the statement(s) and documents accompanying such Annexure is correct and complete. I further declare that I am making this application in my capacity as ............................................................................................................... and that I am competent to make this

(designation)

application and to verify it.

Verified today the ........................................... day of ........................... 19 ...............

Notes :

1. The application for settlement must be in quintuplicate.

2. The application for settlement must be accompanied by a fee of five hundred rupees. The fees should be credited in a branch of the authorised bank or branch of the Reserve Bank of India and the triplicate Challan sent to the Settlement Commission with the application for the settlement. The Settlement Commission will not accept cheques, drafts, hundies or other negotiable instruments.

3. *The number and year of application will be filled in the office of the Settlement Commission.

4. Please state whether individual, Hindu undivided family, or a company.

5. If the space provided is found insufficient, separate enclosures may be used for the purpose.

6. In case of assessment proceedings, indicate the designation of the Assessing Officer Deputy Commissioner before whom the proceedings are pending indicating also the date of services of notice under section 14(2)/section 17 of the Wealth tax Act, 1957, or, as the case of appellate proceeding, indicate the appellate authority before whom the appeal is filed and the date of filling of the appeal. In case of revision petition, indicate the date of filling the revision petition and whether the same is filed within time or not.

7. Full details of issues for which application for settlement is made, the nature and circumstances of the case and complexities of the investigation involved must be indicated against item 10. Where the application relates to more than the one assessment year, these details should be furnished for each assessment year.

8. The application amount for settlement of a case shall not be allowed to be withdrawn by the applicant.

9. The additional amount of wealth-tax payable on the wealth referred to in item 11 should be calculated in the manner laid down in sub-section (1A) to (1D) of section 22C.

10. The details reffered to in item 11 shall be given in the Annexure to this application.

ANNEXURE

1. Statement which has not been disclosed before the 2.
[Assessing Officer ] 3.
Additional amount of wealth-tax payable on the said wealth 4.
Full and true statement of the facts regarding issues to be settled, including the terms of settlement sought for by the applicant 5.

The manner in which the wealth referred to in item No. 1 has been derived. *Place ..................*	*................................*
*Date ...................*	*Signed* *(Applicant)*

Note : The Annexure should be accompained by ___

(1) A statement(s) containing computation of net wealth of the applicant for the assessment year or years to which the application for settlement relates, in accordance with the provisions of the Act; and

(2) A detailed statement of assets (moveable and immovable) and debts, located in India and outside, as on the valuation date

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Frequently asked questions

What is the Form of Application for Settlement of Cases under Section 22C(1) of the Wealth-Tax Act, 1957?→

This is the official legal form used by wealth-tax assessees in India to apply for settlement of their cases before the Settlement Commission under the Wealth-Tax Act, 1957.

Is this form legally valid for use in India?→

Yes, this prescribed form under Section 22C(1) of the Wealth-Tax Act, 1957, remains legally valid in India for applicable legacy wealth-tax settlement applications.

Does this application form require stamp duty or court fee in India?→

No stamp duty or court fee is required for this statutory form under the Wealth-Tax Act; it is submitted directly to the Settlement Commission.

In what format can I download this form?→

You can download this form in PDF for printing or editable Word format for easy customization in India.

Can I edit or customize this settlement application form?→

Yes, the Word version is fully customizable to include your specific details for wealth-tax settlement applications in India.

Who should use this form and when?→

Wealth-tax assessees with pending assessments or disputes should use this form before the due date specified under Section 22C(1) to apply for settlement in India.