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The Wealth-tax Act, 1957

Chapter III — WEALTH-TAX AUTHORITIES [8. Wealth-tax authorities and their jurisdiction.—The income-tax authorities specified in section 116 of the Income-tax Act shall be the wealth-tax authorities for the purposes of this Act and every such authority shall exercise the powers and perform the functions of a wealth-tax authority under this Act in respect of any individual, Hindu undivided family or company, and for this purpose his jurisdiction under this Act shall be the same as he has under the Income-tax Act by virtue of orders or directions issued under section 120 of that Act (including orders or directions assigning concurrent jurisdiction) or under any other provision of that Act.

Section 12[Control of wealth

Read in the full Act
Section 12: [Control of wealth

12. [Control of wealth

tax authorities.]—Omitted by s. 132, ibid. (w.e.f. 1-4-1988). Earlier substituted by Act 46 of 1964, s. 11 (w.e.f. 1-4-1965). [12A. Appointment of Valuation Officers.—(1) The Central Government may appoint as many Valuation Officers as it thinks fit.

(2)

Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, a wealth-tax authority may appoint as many overseers, surveyors and assessors as may be necessary to assist the Valuation Officers in the performance of their functions.]