https://www.taxtmi.com/acts?id=50316 Amendments require payment of additional wealth-tax disclosed in a settlement application within a short specified period after receipt of the Commission's order, subject to extension or instalments with adequate security on application; failure to pay attracts simple interest at fifteen per cent. per annum from the expiry of that period and permits recovery and penalty under Chapter VII by the jurisdictional Wealth-tax Officer. The amendments also remove interest from one enumerated phrase, create a corresponding interest clause for certain tax orders, and exclude section 17A from applying to such settlement orders and resultant assessments. en-us Thu, 06 Mar 2025 18:23:20 +0530 Thu, 06 Mar 2025 18:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50316 Amendments require payment of additional wealth-tax disclosed in a settlement application within a short specified period after receipt of the Commission's order, subject to extension or instalments with adequate security on application; failure to pay attracts simple interest at fifteen per cent. per annum from the expiry of that period and permits recovery and penalty under Chapter VII by the jurisdictional Wealth-tax Officer. The amendments also remove interest from one enumerated phrase, create a corresponding interest clause for certain tax orders, and exclude section 17A from applying to such settlement orders and resultant assessments. Act-Rules F. Acts / Amendment Acts Thu, 06 Mar 2025 18:23:20 +0530 https://www.taxtmi.com/acts?id=50316