Validity of wealth tax filings: substantive conformity prevents invalidation for mere procedural defects or omissions. The provision provides that returns, assessments, notices, summonses and other proceedings under the Wealth tax framework shall not be invalid merely due ... Summary
Validity of wealth tax filings: substantive conformity prevents invalidation for mere procedural defects or omissions.
The provision provides that returns, assessments, notices, summonses and other proceedings under the Wealth tax framework shall not be invalid merely due to mistakes, defects or omissions, provided that such instruments are in substance and effect in conformity with the intent and purpose of the Act; emphasis is placed on substantive conformity over formal defects.
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