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of <h1>Finance Act 1998 Amends Wealth-tax Act: New Time Limits for Revision Orders, Overrides Previous Sub-sections with Tribunal Directions</h1> The Finance (No. 2) Act, 1998 amends section 25 of the Wealth-tax Act, effective October 1, 1998. A new sub-section (3A) mandates that the Commissioner must pass an order on an assessee's revision application within one year from the end of the financial year in which the application is made, excluding time taken for re-hearing or court-ordered stays. Sub-section (4) is revised to allow revision orders at any time if they result from findings or directions by the Appellate Tribunal, High Court, or Supreme Court, overriding sub-sections (3) and (3A).
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