Wealth-tax amendment removes the statutory time cap on extensions, changing the extension regime under the proviso.

Amendment removes specified proviso language in relation to extension of the period under section 22DD(2) of the Wealth-tax Act, deleting the phrase that imposed a cap on aggregate extensions and thereby changing the statutory wording governing extensions; the omission is effected by the Finance Act, 2007 from the Act's commencement date.

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