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Section 32 – The Wealth-Tax Act, 1957

The Wealth-Tax Act, 1957

 

 

32. Mode of recovery :—

 

1[32. Mode of recovery :—The provisions contained in 2[sections 221 to 227, 228A], 229, 231 and 232 of the Income-tax Act and the Second and Third Schedules to that Act and any rules made thereunder shall, so far as may be, apply as if the said provisions were provisions of this Act and referred to wealth-tax and sums imposed by way of penalty, fine and interest under this Act instead of to income-tax and sums imposed by way of penalty, fine and interest under that Act 3[and to the corresponding wealth-tax authorities instead of to the income-tax authorities specified therein].

 

4[Explanation I. —Any reference to section 173 and sub-section (2) or sub-section (6) or sub-section (7) of section 220 of the Income-tax Act in the said provisions of that Act or the rules made thereunder shall be construed as references to sub-section (7) of section 22 and sub-section (2) or sub-section (6) or sub-section (7) of section 31 of this Act respectively. ]]

 

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1. Subs. by Act 46 of 1964, sec. 28, for section 32 (w.e.f. 1-4-1965).

 

2. Subs. by Act 16 of 1972, sec. 48, for “sections 221 to 227” (w.e.f. 1-4-1972).

 

3. Subs. by Act 4 of 1988, sec. 149(a), for certain words (w.e.f. 1-4-1988).

 

4. Subs. by Act 4 of 1988, sec. 149(b), for Explanation II (w.e.f. 1-4-1988). Earlier Explanation II was amended by Act 32 of 1971, sec. 35 (w.e.f. 1-1-1972).

 

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The Wealth-Tax Act, 1957

 

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