Amendment of section 16

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....wing proviso shall be inserted, 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....

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....7 or section 29 or section 35, the amount on which additional wealth-tax is payable under clause (a) has been increased or reduced, as the case may be, the additional wealth-tax shall be increased or reduced accordingly, and,- (i) in a case where the additional wealth-tax is increased, the Assessing Officer shall serve on the assessee a notice of demand under section 30; (ii) in ....