https://www.taxtmi.com/caselaws?id=62267 The Appellate Tribunal ITAT Cochin dismissed all appeals challenging the disallowance of exemption under section 5(1)(xxxiii) of the Wealth Tax Act for lands purchased by the assessee. The Tribunal upheld the denial of exemption, emphasizing the need to follow precedent set by a prior decision concerning the same assessee's case under the same section. The Tribunal rejected arguments that the exemption should cover assets acquired before the return to India and that amended provisions should be interpreted retrospectively to include such assets. en-us Tue, 24 Jan 1995 00:00:00 +0530 Tue, 18 Jan 2011 18:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62267 The Appellate Tribunal ITAT Cochin dismissed all appeals challenging the disallowance of exemption under section 5(1)(xxxiii) of the Wealth Tax Act for lands purchased by the assessee. The Tribunal upheld the denial of exemption, emphasizing the need to follow precedent set by a prior decision concerning the same assessee's case under the same section. The Tribunal rejected arguments that the exemption should cover assets acquired before the return to India and that amended provisions should be interpreted retrospectively to include such assets. Case-Laws Wealth-tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62267