Wealth-tax rate adjustment: specific statutory provisions amended by substitution to increase the applicable rate under Finance Act. The Finance Act, 1972 effects a direct textual substitution in specified provisions of the Wealth-tax Act by replacing the previously stated percentage in ... Summary
Wealth-tax rate adjustment: specific statutory provisions amended by substitution to increase the applicable rate under Finance Act.
The Finance Act, 1972 effects a direct textual substitution in specified provisions of the Wealth-tax Act by replacing the previously stated percentage in the relevant sections, thereby altering the statutory wealth-tax rate expressed in those provisions.
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