Amendment of section 16

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Full Text of the Document

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....serted, namely :- "Provided further that an intimation for any tax or interest due under this clause shall not be sent after the expiry of two years from the end of the assessment year in which the net wealth was first assessable."; (b) after sub-section (1), the following sub-section shall be inserted, namely :- '(1A) (a) Where in the case of any person, the net wealth, as a result of t....