Section 44 - Amendment of Section 2 - Finance Act, 1972

Wealth-Tax 44. Amendment of Section 2 In section 2 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), - (a) after clause (h), the following clause shall be, and shall be deemed always to have been, inserted, namely :- (ha) co-operative society means a co-operative society registered under the Co-operative Societies Act, 1912 (2 of 1912), or under any other law for the time being in force in any State for the registration of co-operative societies; ; (b) existing clause (ha) shall be deemed to have been re-lettered as clause (hb) with effect from the 1st day of April, 1965.