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<h1>Court upholds inclusion of jewellery in assessable wealth under Wealth Tax Act for 1965-66</h1> The court dismissed the petition, upholding the rectification that added the jewellery amount to the petitioner's assessable wealth under the Wealth Tax ... Jewellery, Wealth Tax The petitioner filed a return under the W.T. Act for the year 1965-66, showing jewellery worth Rs. 1,21,835. An exemption was allowed on the jewellery amount. An amendment made jewellery assessable retrospectively. The petitioner's objections to rectification were rejected, and the amount was added to assessable wealth. The court held that the ornaments were considered jewellery, and rectification was valid. The petition was dismissed.