Limitation period extension for wealth-tax assessments and expansion of income-tax official designations in governing clause. The amendment substitutes the Explanation to clause (ea) of section 2 to replace the period of three years with a period of five years, changing the limitation timeframe for wealth-tax assessments, and inserts additional income-tax designations after 'Director' in clause (s) to expand the roster of officials encompassed by that provision.
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Provisions expressly mentioned in the judgment/order text.
Limitation period extension for wealth-tax assessments and expansion of income-tax official designations in governing clause.
The amendment substitutes the Explanation to clause (ea) of section 2 to replace the period of three years with a period of five years, changing the limitation timeframe for wealth-tax assessments, and inserts additional income-tax designations after "Director" in clause (s) to expand the roster of officials encompassed by that provision.
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