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<h1>Amendment to Wealth-tax Act: Section 32 updated to align with Income-tax Act terminology, effective January 1, 1972.</h1> In the Finance (No. 2) Act, 1971, an amendment is made to Section 32 of the Wealth-tax Act. The amendment involves a substitution in Explanation II, where the phrase 'Tax Recovery Officer and the Tax Recovery Commissioner referred to in the Income-tax Act or the rules made thereunder' is replaced with 'Tax Recovery Commissioner and the Tax Recovery Officer referred to in the Income-tax Act.' This change is effective from January 1, 1972, aligning the terminology with that used in the Income-tax Act.