Section 104 - Insertion of new section 42C - Taxation Laws (Amendment) Act, 1975

104. Insertion of new section 42C. After section 42B of the Wealth-tax Act, the following section shall be inserted, namely: 42C. Return of wealth, etc., not to be invalid on certain grounds. No return of wealth, assessment, notice, summons or other proceeding furnished or made or issued or taken or purported to have been furnished or made or issued or taken in pursuance of any of the provisions of this Act shall be invalid or shall be deemed to be invalid merely by reason of any mistake, defect or omission in such return of wealth, assessment, notice, summons or other proceeding if such return of wealth, assessment, notice, summons or other proceeding is in substance and effect in conformity with or according to the intent and purpose of this Act. .