Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 22A – The Wealth-Tax Act, 1957

The Wealth-Tax Act, 1957

 

 

22A Definitions. —

 

1[2 [22A Definitions. —In this Chapter, unless the context otherwise requires,—

 

(a) “Bench” means a Bench of the Settlement Commissiom;

 

3[(b) “case” means any proceeding for assessment under this Act, of any person in respect of any assessment year or assessment years which may be pending before an Assessing Officer on the date on which an application under sub-section (1) of section 22C is made:

Provided that—

 

(i) a proceeding for assessment or reassessment under section 17;

(ii) a proceeding for making fresh assessment in pursuance of an order under section 23A or section 24 or section 25, setting aside or cancelling an assessment;

 

(iii) a proceeding for assessment or reassessment which may be initiated on the basis of a search under section 37A or requisition under section 37B, shall not be a proceeding for assessment for the purposes of this clause.

 

Explanation. —For the purposes of this clause—

(i) a proceeding for assessment or reassessment referred to in clause (i) of the proviso shall, in case where a notice under section 17 is issued but not on the basis of search under section 37A or requisition under section 37B, be deemed to have commenced from the date on which a notice under section 17 is issued;

 

(ii) a proceeding for making fresh assessment referred to in clause (ii) of the proviso shall be deemed to have commenced from the date on which the order under section 23A or section 24 or section 25, setting aside or cancelling an assessment was passed;

 

(iii) a proceeding for assessment or reassessment referred to in clause (iii) of the proviso shall be deemed to have commenced on the date of initiation of the search under section 37A or requisition under section 37B;

(iv) a proceeding for assessment for an assessment year, other than the proceeding of assessment or reassessment referred to in clause (i) or clause (ii) or clause (iii) of the proviso, shall be deemed to have commenced from the 1st day of the assessment year and concluded on the date on which the assessment is made;]

 

(c) “Chairman” means the Chairman of the Settlement Commission

 

(d) “Member” means a Member of the Settlement Commission, and includes the Chairman and a Vice-Chairman;

 

(e) “Settlement Commission” means the Income-tax Settlement Commission constituted under section 245B of the Income-tax Act;

 

(f) “Vice-Chairman” means a Vice-Chairman of the Settlement Commission 4[and includes a Member who is senior amongst the Members of the Bench];

 

(g) “Wealth-tax authority” means an income-tax authority specified in section 116 of the Income-tax Act who is treated as a Wealth-tax authority under section 8.] ]

 

——————————————–

1. Chapter VA (Containing sections 22A to 22M) ins. by Act 41 of 1975, sec. 93 (w.e.f. 1-4-1976).

 

2. Subs. by Act 11 of 1987, sec. 77, for section 22A (w.e.f. 1-6-1987). Earlier section 22A was amended by Act 67 of 1984, sec. 60 (w.e.f. 1-10-1984).

 

3. Subs. by Finance Act, 2007, sec. 84(a), for clause (b) (w.e.f. 1-6-2007). Clause (b), before substitution, stood as under: ‘(b) “case” means any proceeding under this Act for the assessment or reassessment of any person in respect of any year or years, or by way of appeal or revision in connection with such assessment or reassessment, which may be pending before any wealth-tax authority on the date on which an application under sub-section (1) of section 22C is made: Provided that where any appeal or application for revision has been preferred after the expiry of the period specified for the filing of such appeal or application for revision under this Act and which has not been admitted, such appeal or revision shall not be deemed to be a proceeding pending within the meaning of this clause;’.

 

4. Ins. by Finance Act, 2007, sec. 84(b) (w.e.f. 1-6-2007).

 

Previous | Next

 

The Wealth-Tax Act, 1957

 

Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2021 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation