Territorial scope of wealth tax clarified to specify assets located outside India or in territories outside India. The Explanation in the Wealth-tax provision is amended by substituting the phrase 'any country' with 'any country outside India or any territory outside India,' thereby clarifying the territorial ambit for the statutory rule.
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Provisions expressly mentioned in the judgment/order text.
Territorial scope of wealth tax clarified to specify assets located outside India or in territories outside India.
The Explanation in the Wealth-tax provision is amended by substituting the phrase "any country" with "any country outside India or any territory outside India," thereby clarifying the territorial ambit for the statutory rule.
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