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of <h1>Wealth-tax Act Amendment Restructures Appeal Provisions for Penalties Under Section 23</h1> The amendment to Section 23 of the Wealth-tax Act modifies appeal provisions by substituting clause (d) in subsection (1) regarding objections to penalties imposed by the Assessing Officer. It removes clause (i) and revises subsection (1A) to clarify appeal procedures for penalties imposed under section 18. The amendment replaces subsections (1B) and (1C) with provisions allowing the Board, Director General, Chief Commissioner, or Commissioner to transfer pending appeals from Deputy Commissioner (Appeals) to Commissioner (Appeals) when necessary based on case complexity. The proviso in subsection (2A) is eliminated. These changes streamline the appeal process and reassign jurisdictional authority.
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