Amendment to Wealth tax Section 5 removes specified clauses and subsections, reorganising exemption provisions and wording. Amendment revises section 5 of the Wealth tax Act to remove the opening qualifying phrase in sub section (1), omit multiple listed clauses while renumbering two specified clauses, and delete sub sections (1A) to (4), thereby consolidating and narrowing the section's operative provisions.
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Provisions expressly mentioned in the judgment/order text.
Amendment to Wealth tax Section 5 removes specified clauses and subsections, reorganising exemption provisions and wording.
Amendment revises section 5 of the Wealth tax Act to remove the opening qualifying phrase in sub section (1), omit multiple listed clauses while renumbering two specified clauses, and delete sub sections (1A) to (4), thereby consolidating and narrowing the section's operative provisions.
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