Definitions

Section 22A of the Wealth-tax Act, 1957 deals with definitions. In this Chapter, unless the context otherwise requires,— (a) “Bench” means a Bench of the Settlement Commission; The Act came into force on 01 Apr 1957.

In this Chapter, unless the context otherwise requires,—

(a) “Bench” means a Bench of the Settlement Commission; [(b) “case” means any proceeding for assessment under this Act, of any person in respect of any assessment year or assessment years which may be pending before an Assessing Officer on the date on which an application under sub-section (1) of section 22C is made:

1. The Explanation omitted by Act 18 of 1992, s. 96 (w.e.f. 1-4-1993).

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* Explanation.—For the purposes of this clause—

(i) a proceeding for assessment or reassessment referred to in [section 17 shall, in case where a notice under the said section] is issued but not on the basis of search under section 37A or requisition under section 37B, be deemed to have commenced from the date on which a notice under section 17 is issued; [(ii) a proceeding for making fresh assessment in pursuance of an order under section 23A or commenced from the date on which such order, setting aside or cancelling an assessment was passed.] [(iii) a proceeding for assessment or reassessment for any of the assessment years, in consequence of a search initiated under section 37A or requisition made under section 37B, shall be deemed to have commenced on the date of issue of notice initiating such proceedings and concluded on the date on which the assessment is made;] (iv) a proceeding for assessment for an assessment year, other than the proceeding of assessment or reassessment referred to in [clause (i) or clause (ii) clause (iii)], shall be deemed to have commenced from the 1st day of the assessment year and concluded on the date on which the assessment is made;] (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 (f) “Vice-Chairman” means a Vice-Chairman of the Settlement Commission [and includes a Member who is senior amongst the Members of a Bench];

(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.]

Section 22A, The Wealth-tax Act, 1957 (Act 27 of 1957).