Authority change in Wealth-tax Act: 'Board' replaced by Chief Commissioner or Director General, altering administrative responsibility. Amendment to the Wealth-tax Act substitutes the term Board with Chief Commissioner or Director General in section 34AB, sub sections (1) and (2), thereby ... Summary
Authority change in Wealth-tax Act: 'Board' replaced by Chief Commissioner or Director General, altering administrative responsibility.
Amendment to the Wealth-tax Act substitutes the term Board with Chief Commissioner or Director General in section 34AB, sub sections (1) and (2), thereby reallocating the administrative authority and responsibility under those provisions, effective from the commencement date prescribed by the Finance Act, 1988.
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