Tax amendment alters wealth, gift and income tax statutes and provides retrospective commencement affecting earlier fiscal provisions. The Taxation Laws (Amendment) Act, 1967 amends the Wealth-tax Act, 1957, the Gift-tax Act, 1958, the Income-tax Act, 1961, and the Finance (No. 2) Act, 1967, and provides that the Act is to be cited by its short title. The Act contains commencement provisions deeming it to have come into force from an earlier specified date for general operation, with one section explicitly assigned a distinct earlier deemed commencement date.
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Provisions expressly mentioned in the judgment/order text.
Tax amendment alters wealth, gift and income tax statutes and provides retrospective commencement affecting earlier fiscal provisions.
The Taxation Laws (Amendment) Act, 1967 amends the Wealth-tax Act, 1957, the Gift-tax Act, 1958, the Income-tax Act, 1961, and the Finance (No. 2) Act, 1967, and provides that the Act is to be cited by its short title. The Act contains commencement provisions deeming it to have come into force from an earlier specified date for general operation, with one section explicitly assigned a distinct earlier deemed commencement date.
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