# The Finance Act, 1999, Section 94: Amendment of section 24

- Act: The Finance Act, 1999
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1999/section/94/

## 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.

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