(1) Where an order has been passed prior to 05.10.2014 by the Tax Settlement Board which was constituted under the Act, but the certificate of settlement has not been issued by the then Tax Settlement Board, in such cases, the applicant shall submit an application for issuance of certificate of settlement to the Commissioner, Commercial Taxes along with,-

(i) the proof of deposit of amount as determined by the then Tax Settlement Board in lieu of arrears of Tax, Penalty, and Interest; and

(ii) the copy of order of withdrawal of the case, if any.

(2)(a) Where the applicant has failed to deposit the amount within such period as ordered by the then Tax Settlement Board, he may submit an application to the Commissioner for,-

(i) extension of time period, for deposit of amount as ordered by the then Tax Settlement Board; or

(ii) condonation of delay in deposit of the amount ordered by the then Tax Settlement board, in case said amount has already been deposited.

(b) The Commissioner on being satisfied that the reasonable ground exists for doing so, may by an order in writing extend the time period for deposit of said amount or condone the delay on such conditions as he deems fit.

(3) Where an application is submitted under sub-rule (1) above, the Commissioner, on being satisfied that the applicant has submitted the copy of order of withdrawal of case, if any, and has deposited the amount within such time as ordered by the then Tax Settlement Board or within such time as extended by the Commissioner or where delay in depositing the amount has been condoned by the Commissioner and conditions of order of extension of time period or condonation of delay has been fulfilled, shall issue the certificate of settlement to the applicant, which shall be binding on all the parties to the dispute.