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of <h1>Wealth Tax Act Section 32: Recovery Process Aligned with Income-tax Act Provisions for Efficient Tax Collection.</h1> Section 32 of the Wealth Tax Act, 1957, outlines the mode of recovery for wealth tax, penalties, fines, and interest. It applies provisions from sections 221 to 227, 228A, 229, 231, and 232 of the Income-tax Act and its Second and Third Schedules, treating them as if they pertain to wealth tax. References to certain sections of the Income-tax Act are adjusted to correspond with the Wealth Tax Act. The Chief Commissioner, Commissioner, and Tax Recovery Officer from the Income-tax Act are deemed equivalent authorities for wealth tax recovery purposes.
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