Exemption under section 5(1)(xxa) preserved despite omission of Ninth Schedule; assessing officers to decide claims. The omission of the Ninth Schedule from the Income-tax Act does not affect entitlement to the exemption under section 5(1)(xxa) of the Wealth-tax Act; for the limited purpose of adjudicating claims under that provision the Ninth Schedule is to be treated as if still on the statute, and assessing officers shall decide claims accordingly.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 5(1)(xxa) preserved despite omission of Ninth Schedule; assessing officers to decide claims.
The omission of the Ninth Schedule from the Income-tax Act does not affect entitlement to the exemption under section 5(1)(xxa) of the Wealth-tax Act; for the limited purpose of adjudicating claims under that provision the Ninth Schedule is to be treated as if still on the statute, and assessing officers shall decide claims accordingly.
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