Maximum marginal rate prescribed for Wealth tax Act purposes by textual substitution in section 21AA. The amendment replaces the phrase in sub section (1) of section 21AA with the words 'purposes of this Act, and at the maximum marginal rate', removing the prior terminal language 'beneficial to the revenue' and thereby prescribing application of the Act's purposes together with the maximum marginal rate in that subsection.
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Provisions expressly mentioned in the judgment/order text.
Maximum marginal rate prescribed for Wealth tax Act purposes by textual substitution in section 21AA.
The amendment replaces the phrase in sub section (1) of section 21AA with the words "purposes of this Act, and at the maximum marginal rate", removing the prior terminal language "beneficial to the revenue" and thereby prescribing application of the Act's purposes together with the maximum marginal rate in that subsection.
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