Section Text
1[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 hi s 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.
Explanation. - For the purposes of this section, the wealth-tax authority having jurisdiction in relation to a person who is not an assessee within the me aning of the Income-tax Act shall be the wealth-tax authority having jurisdiction in respect of the area in which that person resides.]
2[*****]
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1. Substituted by Act 4 of 1988, Section 131 w.e.f. 1-4-1988.
2. Sections 8A, 8AA and 8B omitted by Act 4 of 1988, Section 132 w.e.f. 1-4-1988. Earlier section 8A was inserted by Act 46 of 1964,Section 9 w.e.f. 1-4-1965, section 8AA was inserted by Act. 41 of 1975, Section 85 w.e.f. 1-10-1975 and section 8B was inserted by Act 20 of 1967, Section 34 (c), w.e.f. 1-4-1967.