Wealth-tax amendment clarifies declaration-to-order processing period, limiting administrative delay and requiring prompt officer action on tax declarations. Amendment inserts clause (iia) into Explanation 1 of section 17A, treating the interval from receipt of a declaration under section 18C(1) to the date the order under section 18C(3) is made by the Wealth-tax Officer as part of the relevant period and expressly limiting that interval to a prescribed maximum duration.
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Wealth-tax amendment clarifies declaration-to-order processing period, limiting administrative delay and requiring prompt officer action on tax declarations.
Amendment inserts clause (iia) into Explanation 1 of section 17A, treating the interval from receipt of a declaration under section 18C(1) to the date the order under section 18C(3) is made by the Wealth-tax Officer as part of the relevant period and expressly limiting that interval to a prescribed maximum duration.
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