Section 77 - Substitution of new section for section 22A - Finance Act, 1987

77. Substitution of new section for section 22A For section 22A of the Wealth-tax Act, the following section shall be substituted with effect from the 1st day of June, 1987, namely :- 22A. Definitions. - In this Chapter, unless the context otherwise requires, - (a) Bench means a Bench of the Settlement Commission; (b) case means any proceeding under this Act for the assessment or reassessment of any person in respect of any year or years, or by way of appeal or revision in connection with such assessment or reassessment, which may be pending before any wealth-tax authority on the date on which an application under sub-section (1) of section 22C is made : Provided that where any appeal or application for revision has been preferred after the expiry of the period specified for the filing of such appeal or application for revision under this Act and which has been admitted, such appeal or revision shall not be deemed to be a proceeding pending within the meaning of this clause; (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 section 245B of the Income-tax Act; (f) Vice-Chairman means a Vice-Chairman of the Settlement Commission; (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. .