Scope of wealth-tax provisions broadened to apply to the Act generally and to multiple wealth-tax authorities. Section 38 is amended to apply 'for the purposes of this Act' rather than only to determining a person's wealth-tax; to replace references to 'the Wealth-tax Officer' with 'any wealth-tax authority' and 'such wealth-tax authority'; and to insert '(including a banking company)' after 'from any individual, company', thereby broadening applicability and explicitly including banking companies.
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Provisions expressly mentioned in the judgment/order text.
Scope of wealth-tax provisions broadened to apply to the Act generally and to multiple wealth-tax authorities.
Section 38 is amended to apply "for the purposes of this Act" rather than only to determining a person's wealth-tax; to replace references to "the Wealth-tax Officer" with "any wealth-tax authority" and "such wealth-tax authority"; and to insert "(including a banking company)" after "from any individual, company", thereby broadening applicability and explicitly including banking companies.
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