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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Wealth-tax Act Amendment Streamlines Penalty Objection Procedures and Removes Outdated Date References in Section 23</h1> The amendment modifies section 23 of the Wealth-tax Act by removing specific date references in subsection (1) and replacing subsection (1A)(b) with a new provision related to objecting to penalties imposed under section 18, requiring prior approval from the Deputy Commissioner. The amendment adjusts procedural aspects of tax penalty provisions and administrative review processes.
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