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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Wealth-tax Act Section 42D Amended: New Subsection (2) Treats Delivered Items as Found During Search</h1> Section 42D of the Wealth-tax Act is amended by renumbering it as subsection (1) and adding a new subsection (2). This new subsection, effective from October 1, 1975, stipulates that if any books of account, documents, or assets are delivered to the requisitioning officer per section 37B, they will be treated as if found during a search under section 37A. This applies to items taken into custody from individuals specified in clauses (a), (b), or (c) of subsection (1) of section 37B.
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