Section 22M of THE WEALTH-TAX ACT, 1957
Certain persons who have filed appeals to the Appellate Tribunal entitled to make applications
to the Settlement Commission.]—Omitted by the Finance Act, 1987, s. 87 (w.e.f. 1-6-1987). Earlier it was inserted by Act 41 of 1975, s. 93 (w.e.f. 1-4-1976) which was later amended by Act 67 of 1984, s. 64 (w.e.f. 1-10-1984).
Summary
- to the Settlement Commission.], Omitted by the Finance Act, 1987, s. 87 (w.e.f. 1-6-1987).
- Earlier it was inserted by Act 41 of 1975, s. 93 (w.e.f. 1-4-1976) which was later amended by Act 67 of 1984, s. 64 (w.e.f. 1-10-1984).
Practical examples
FAQ
1. Can I still use Section 22M of THE WEALTH-TAX ACT, 1957, to apply for a settlement?
No, Section 22M has been omitted from THE WEALTH-TAX ACT, 1957, and is no longer in effect.
2. When was Section 22M removed from THE WEALTH-TAX ACT, 1957?
This section was omitted by the Finance Act of 1987, with the change taking effect on June 1, 1987.
3. What was the original purpose of Section 22M in THE WEALTH-TAX ACT, 1957?
Before it was removed, it allowed certain people who had filed appeals with the Tribunal to also apply for a settlement.
Test yourself
1.What is the current status of Section 22M of THE WEALTH-TAX ACT, 1957?
2.According to the historical notes in THE WEALTH-TAX ACT, 1957, which law removed Section 22M?
3.On what date did the removal of Section 22M of THE WEALTH-TAX ACT, 1957, take effect?
4.Where would Section 22M have fit within the structure of THE WEALTH-TAX ACT, 1957?