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<h1>Finance Act 1994 amends Section 46 of Wealth-tax Act, adding procedures by Settlement Commission effective June 1, 1994.</h1> Section 46 of the Wealth-tax Act has been amended by the Finance Act, 1994. In subsection (4), the phrase 'and the rules of procedure framed by the Settlement Commission under sub-section (7) of section 22F' is added after 'every rule made under this Act.' This amendment is effective from June 1, 1994, and pertains to the statutory provisions governing the rules and procedures related to wealth tax.