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of <h1>Central Government Can Resolve Issues from 1987 Amendments with Orders Under Section 47 of Wealth Tax Act, 1957.</h1> Section 47 of the Wealth Tax Act, 1957, grants the Central Government the power to address difficulties arising from amendments made by the Direct Tax Laws (Amendment) Act, 1987. The government can issue orders to resolve such issues, provided these orders are consistent with the Act's provisions. However, this power is limited to a period of three years from April 1, 1988. Any order issued must be presented before both Houses of Parliament.
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