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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Amendment to Section 44A of Wealth-tax Act: Central Govt to Form Pacts for Tax Cooperation and Evasion Prevention.</h1> Section 44A of the Wealth-tax Act has been amended by the Finance Act, 1972. The amendment allows the Central Government to enter into agreements with governments of reciprocating countries for three main purposes: avoiding or relieving double taxation concerning wealth-tax, exchanging information to prevent or investigate evasion or avoidance of wealth-tax, and recovering taxes under the respective laws. The government is authorized to implement these agreements through notifications in the Official Gazette.