Order definition in wealth-tax law clarified to include Inspecting Assistant Commissioner decisions, altering revision period. The amendment to section 25 declares that an order by a Wealth tax Officer includes an order by an Inspecting Assistant Commissioner acting under conferred or assigned Wealth tax Officer powers, and substitutes the effective date for revision to be from the end of the financial year in which the order sought to be revised was passed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Order definition in wealth-tax law clarified to include Inspecting Assistant Commissioner decisions, altering revision period.
The amendment to section 25 declares that an order by a Wealth tax Officer includes an order by an Inspecting Assistant Commissioner acting under conferred or assigned Wealth tax Officer powers, and substitutes the effective date for revision to be from the end of the financial year in which the order sought to be revised was passed.
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