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of <h1>New Section 12A in Wealth-tax Act Empowers Govt to Appoint Valuation Officers and Assistants for Wealth Assessment.</h1> The Taxation Laws (Amendment) Act, 1972 introduces Section 12A to the Wealth-tax Act, 1957, allowing the Central Government to appoint Valuation Officers as deemed necessary. Additionally, wealth-tax authorities are empowered to appoint overseers, surveyors, and assessors to assist Valuation Officers, in accordance with the rules and orders governing public service conditions.
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