Procedure before Approving Panel.
131. (1) Upon receipt of reference under rule 129, the Chairperson of the Approving Panel shall cause,—
| (a) | the reference to be circulated among the other members within seven days from the date of receipt of such reference; and | |
| (b) | a notice to be issued to both the Assessing Officer and the assessee, affording a reasonable opportunity of being heard, specifying therein the date and place of hearing. |
(2) The meetings of the Approving Panel shall take place at such place as the Approving Panel may decide.