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<h1>Gift-tax Act Section 42 Updated: 'Assessment' Replaced with 'Order,' Effective Retroactively from March 1, 1987 per Finance Act.</h1> In the Gift-tax Act, section 42 has been amended by replacing the words 'any assessment made' with 'any order made.' This change is retroactively effective from March 1, 1987, as stipulated by the Finance Act of 1987.