# The Finance Act, 1987, Section 77: Substitution of new section for section 22A

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/77/

## Text

Substitution of new section for section 22A 77. For section 22A of the Wealth-tax Act, the following Section shall be substituted with effect from the lst day of June, 1987, namely: — Definitions '22A. In this Chapter, unless the context otherwise requires,— (a) "Bench" means a Bench of the Settlement Commission; (b) "case" means any proceeding under this Act for the assessment or re-assessment of any person in respect of any year or years, or by way of Appeal or revision in connection with such assessment or re-assessment, which may he 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; (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; (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.'. [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

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