Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Wealth-tax Act Section 22D amended: New rules block applications if Commissioner cites fraud, but Settlement Commission can override.</h1> Section 22D of the Wealth-tax Act is amended by omitting the second proviso in sub-section (1) and adding a new sub-section (1A). The new provision states that an application under sub-section (1) shall not proceed if the Commissioner objects, citing concealment of net wealth or fraud by the applicant to evade taxes. However, if the Settlement Commission disagrees with the Commissioner's objection, it can allow the application to proceed after hearing the Commissioner and issue an order, sending a copy to the Commissioner.
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