Amendment status not verified — confirm the current text below against the official source.
( l) The designated authority shall, ordinarily within sixty clays from the date or receipt or an application referred to in Section 5, verify the correctness or thc particulars furnished in such an application with reference to the connected records aYailahle with the assessing authority, appellate authority or any other authority, as the case may be. (2) Where the designated authority is satisfied about 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 for the purpose of settlement of arrear tax, penalty or interest in dispute at the rate specified in section 7 : Provided that while determining the amount payable by the applicant for the purpose of settlement of arrear tax, penalty o.r interest in dispute, the designated authority shall take into account any aniount of arrear tax, penalty or interest in dispute paid by the applicant before making an application under Section 5 and deduct the amount so paid by him from the amount determined as payable hy the applicant under this sub-section : Provided further that the amount payable by an applicant as determined under this sub-section shall be rounded off to the nearest rupee and, for this purpose, where such amount contains a part of a rupee, then, if such part is fifty paise or more, it shall be rounded off to a rupee, and if such part is less than fifty paise, it shall be ignored. (3) After the amount payable hy an applicant is determined under sub-section (2), the designated authority shall, subject to such conditions and restrictions as may be prescribed, require the applicant, by a notice in such form as may be prescribed, to pay the amount so determined under sub-section (2) within thirty days from the date of receipt of such notice by the applicant or within such further time as may be prescribed. (4) The applicant shall pay in one instalment, the sum determined by the designated authority as per the terms of the notice and intimate the fact of such payment to the • THE ASSAM GAZETTE. EXTRAORDINARY. MAY 17. 2000 3W Rate applicahll' in determining the amount pa~" ' h I c. Sl'ltlcmcnt of clbputc and issue of t·crtifi- l'att.• of sdt ll'llll' llt. designated authority within fifteen days of making such payment together with a copy or duly receipted challan showing. payment of the amount specified in the not ice issued under sub-section (3 l. (5) The al1lount required LO be paid in terms or the notice issued under sub-section {3) shall be paid in such manner as is specified in the relevant Act or the rules framed thereunder.