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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Wealth Tax Act Section 38 mandates entities to provide info; legal practitioners exempt under Evidence Act Section 126.</h1> Section 38 of the Wealth Tax Act, 1957, authorizes wealth-tax authorities to issue notices requiring individuals, companies, firms, Hindu undivided families, or other entities to furnish statements or information deemed necessary for the purposes of the Act. The specified parties must comply with these notices, regardless of any contrary legal provisions. However, legal practitioners are exempt from providing statements or information based on professional communications, as protected under Section 126 of the Indian Evidence Act, 1872. Amendments in 1987 updated references from 'Wealth-tax Officer' to 'wealth-tax authority' and included banking companies.
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