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of <h1>Wealth Tax Act Section 42C: Minor errors in tax documents do not invalidate them if aligned with the Act's purpose.</h1> Section 42C of the Wealth Tax Act, 1957, states that any return of wealth, assessment, notice, summons, or proceeding under the Act will not be considered invalid solely due to any mistake, defect, or omission, as long as it substantially aligns with the intent and purpose of the Act. This provision ensures that minor errors do not undermine the validity of tax-related documents or proceedings, provided they adhere to the Act's overall objectives. This section was added through the Taxation Laws (Amendment) Act, 1975, effective from October 1, 1975.
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