From Bender's book "Uniforms, Organization and History of the Panzertruppe", I get that the division was formed as Panzerfeldausbildungsdivision "Tatra" (Panzer Field Training Division "Tatra") in December 1944. It was a field training unit under OKH. It was designed to serve in the area of Tyman and engaged only as local security, under operational control of Army Group South.
On 21 February 1945 the division was renamed to become 232 Panzer Division. It went into the front line in March 1945 and destroyed in the Raab bridgehead.
Components included Panzergrenadier Regiment 101 and Panzergrenadier Regiment 102 (formed from Panzergrenadier Ersatz u. Ausbildungs Regiments 82 and 85 respectively (PzGren Training and Replacement Regiments)).
Commanders were
- Generalleutnant Friedrich-Wilhelm von Loeper until 31 Dec 1944
- Generalmajor Hans-Ulrich Back 1 Jan 1945 - late March 1945
The Armchair General forum had some more info but I can't verify it's accuracy:
http://www.armchairgeneral.com/forums/showthread.php?p=1266600