{"act":{"id":"finance-act-1999","short_title":"The Finance Act, 1999","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1999-2000.","act_number":null,"act_year":1999,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":102,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1999/"},"unit":"section","section":{"number":"94","heading":"Amendment of section 24","text":"Amendment of section 24. 94. In section 24 of the Wealth-tax Act, with effect from the 1st day of June, 1999,— (a ) in sub-section (4), the following proviso shall be inserted at the end, namely :— \" Provided that in the case of an appeal not relatable to net wealth as computed by the Assessing Officer, the appeal shall be accompanied by a fee of five hundred rupees.\"; (b ) after sub-section (5), the following sub-sections shall be inserted, namely :— \"(5A) In every appeal, the Appellate Tribunal, where it is possi­ble, may hear and decide such appeal within a period of four years from the end of the financial year in which such appeal is filed under sub-section (1). (5B) The cost of any appeal to the Appellate Tribunal shall be at the discretion of that Tribunal.\"; (c ) in sub-section (10), after the word and figures \"sec­tion 27\", the words, figures and letter \"or section 27A\" shall be inserted. © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Amendment of section 24.</b></p><p><b>94.</b> In section 24 of the Wealth-tax Act, with effect from the 1st day of June, 1999,—</p><p>(<i>a</i> ) in sub-section (4), the following proviso shall be inserted at the end, namely :—</p><p>\" <b>Provided</b> that in the case of an appeal not relatable to net wealth as computed by the Assessing Officer, the appeal shall be accompanied by a fee of five hundred rupees.\";</p><p>(<i>b</i> ) after sub-section (5), the following sub-sections shall be inserted, namely :—</p><p>\"(5A) In every appeal, the Appellate Tribunal, where it is possi­ble, may hear and decide such appeal within a period of four years from the end of the financial year in which such appeal is filed under sub-section (1).</p><p><span class=\"num\">(5B)</span> The cost of any appeal to the Appellate Tribunal shall be at the discretion of that Tribunal.\";</p><p>(<i>c</i> ) in sub-section (10), after the word and figures \"sec­tion 27\", the words, figures and letter \"or section 27A\" shall be inserted.</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":168,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1999/section/94/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}