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of <h1>Finance Act 1991 Amends Wealth-tax Act: Offense Proceedings Now Require Commissioner Sanction and Board Approval Instructions Clarified.</h1> Section 35-I of the Wealth-tax Act has been amended by the Finance (No. 2) Act, 1991, effective from October 1, 1991. The amendment replaces sub-sections (1) and (2) to stipulate that proceedings for an offence under this Act require prior sanction from the Commissioner of Commissioner (Appeals). The Chief Commissioner or Director General may issue instructions for initiating such proceedings. Additionally, an Explanation clarifies that the Board's power to issue orders includes the authority to direct wealth-tax authorities on the proper handling of offences, including obtaining prior Board approval.
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