.-(1) The provisions of sections 124 and 127 of the Income-tax Act shall, so far as may be, apply for the purposes of this Act as they apply for the purposes of the Income-tax Act, subject to the modifications specified in sub-section (2).

(2)

The modifications referred to in sub-section (1) shall be the following, namely:¬-

(a) in section 124 of the Income-tax Act,-

(b) in section 127 of the Income-tax Act, in the Explanation below sub¬section ][(4)] [ Substituted by Act 3 of 1989, Section 63, for " (5)" (w.e.f. 1.4.1988).][, references to proceedings under the Income-tax Act shall be construed as including references to proceedings under the Wealth-tax Act.] [Substituted by Act 4 of 1988, Section 131, for Section 11 (w.e.f. 1.4.1988). ]

(2)

Subject to the rules and orders of the Central Government regulating the conditions of service of persons in public services and posts, a wealth-tax authority may appoint as many overseers, surveyors and assessors as may be necessary to assist the Valuation Officers in the performance of their functions.] [Substituted by Act 4 of 1988, Section 131, for Sections 9 and 10 (w.e.f. 1.4.1988). ]