Amendment status not verified — confirm the current text below against the official source.
(l) The Designated Authority shall, ordinarily within thirty days from the date of receipt of an application i-eferred to in section 4 of the Act, verity the correctness of the particulars furnished in such application. (2) Where the Designated Autbotity is satisfied a.bout the correctness of the particulars set forth in the application made by an applicant, he shall determine, by an order in writing, the amount payable by the applicant as well as the amount entitled for waiver for the conccmed assessment period under the applicable relevant Acts according to the formula specified in the Schedule attached to this Act. 944 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 19, 2005 ·Refusal In certain i:asa. Settlement of arrear dues. Rectification of the order or settlement. Revocation of order of settlement. No refund of amount paid under the Act. Manner of payment. • Provided that while detemi..ining the amount payable by the applicant as detennined under this sub-sec1jon shall be roun~ed off to the nearest rupee and .for this purpose, where such amount contams a part of a rupee, then, if such part is fifty paise or more, ii shall be rounded off to a rupee, and if mch part is less than fifty paise, it shall be ignored. (3) An applicant shall deposit the balance payable amount, if any, pw·suant to the detenninati.on completed by the Designated f\uthority upon his application made under this Act ( 4) In case the .long ou18tanding dues of arrear tax, penalty a.id interest is under recovery or bakijai proceeding at the hand of an authority other than · the Designated Authority, the latter shall irmnediately notify such other authority abcut the status of the arrear cettific.ate initiafly sent by him after receipt of a valid application within the meaning of section 3 of the Act and shall withdrnw the same as soon as proceedingi:: under suh-scction (2) of this sectio·o are finalised and the payable amount thereon is deposited in full by an applicant.