# The Finance Act, 1987, Section 81: Amendment of section 22D

- Act: The Finance Act, 1987 (Act 11 of 1987)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1987/section/81/

## Text

Amendment of section 22D 81. In section 22D of the Wealth-tax Act, with effect from the 1st day of June, 1987,- (a)after sub-section (4), the following sub-section shall be inserted, namely:— " (5) Subject to the provisions of section 22BA, the materials brought on record before the Settlement Commission shall be considered by the Members of the concerned Bench before passing any order under sub-section (4) ,and, in relation to the passing of such order, the provisions of section 22BD shall apply."; (b) in sub-section (6), for the Words "tax or penalty", the words "tax, penalty or interest" shall be substituted. [Finance Act, 1987] © Copyright. Taxmann Publications Pvt. Ltd.

---
Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.