Amendment of section 2

Section 36 of the Finance Act, 1980 deals with amendment of section 2. Wealth-tax Amendment of section 2 36. In the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth tax Act), in section 2, in sub-clause (2) of clause (e), for the words "Pro vided that", the following shall be substituted with effect from the 1st day of April, 1981, namely: — 'Pr

Wealth-tax

Amendment of section 2

36. In the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth tax Act), in section 2, in sub-clause (2) of clause (e), for the words "Pro vided that", the following shall be substituted with effect from the 1st day of April, 1981, namely: —

'Provided that in relation to the assessment year commencing on the 1st day of April, 1981, or any subsequent assessment year, this subclause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely:—

(i) (a) agricultural land other than land comprised in any tea, coffee, rubber or cardamom plantation;

(b) any building owned or occupied by a cultivator of, or receiver of rent or revenue out of, agricultural land other than land comprised in any tea, coffee, rubber or cardamom plantation:

Provided that the building is on or in the immediate vicinity of the land and is a building which the cultivator or the receiver of the rent or revenue by reason of his connection with the land requires as a dwelling-house or a store-house or an out-house;

(c) animals;":

Provided further that'.

[Finance (No.

2) Act, 1980]

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Section 36, The Finance Act, 1980 (Act 44 of 1980).