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of <h1>Amendment to Wealth-tax Act Section 22D: Settlement Commission Can Rectify Orders Within Six Months for Apparent Mistakes.</h1> Clause 34 of the Finance Bill, 2011 proposes an amendment to section 22D of the Wealth-tax Act, 1957, concerning the procedure for applications under section 22C. The amendment introduces a new sub-section (6B), allowing the Settlement Commission to amend any order within six months to rectify apparent mistakes. However, if the amendment affects the applicant's liability, the Commission must notify both the applicant and the Commissioner, offering them a chance to be heard. This amendment is effective from June 1, 2011.
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