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of <h1>1997 Wealth-tax Settlement Commission Rules Streamline Procedures for Tax Settlements, Replacing 1987 Guidelines Under Wealth-tax Act</h1> The Wealth-tax Settlement Commission (Procedure) Rules, 1997, were established under the authority of the Wealth-tax Act, 1957, replacing the 1987 rules. These rules are designed to govern the procedures of the Wealth-tax Settlement Commission and came into effect upon their publication in the Wealth-tax Official Gazette. The 1997 rules aim to streamline and update the procedural framework for handling wealth tax settlements, ensuring compliance with the legislative requirements set forth in the Wealth-tax Act.
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