Section 94 - Amendment of section 23 - Taxation Laws (Amendment) Act, 1975

94. Amendment of section 23. In section 23 of the Wealth-tax Act, after sub-section (2), the following sub-section shall be inserted, namely: (2A) Where a return has been filed by an assessee, no appeal under this section shall be admitted unless at the time of filing of the appeal he has paid the tax due on the net wealth returned by him: Provided that, on an application made by the appellant in this behalf, the Appellate Assistant Commissioner may, for any good and sufficient reason to be recorded in writing, exempt him from the operation of the provision of this sub-section.