Reduction of prescribed rate in section 17B changes the rate applicable under Wealth-tax Act for specified subsections. Amendment substitutes the words prescribing one and one-fourth per cent. with the words prescribing one per cent. in section 17B of the Wealth-tax Act, 1957, specifically replacing the rate language in sub sections (1) and (3) to alter the statutory prescribed rate used for the levy under those sub sections.
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.
Reduction of prescribed rate in section 17B changes the rate applicable under Wealth-tax Act for specified subsections.
Amendment substitutes the words prescribing one and one-fourth per cent. with the words prescribing one per cent. in section 17B of the Wealth-tax Act, 1957, specifically replacing the rate language in sub sections (1) and (3) to alter the statutory prescribed rate used for the levy under those sub sections.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
