https://www.taxtmi.com/caselaws?id=64891 The ITAT held that the amended section 20A of the Wealth-tax Act, effective from 1-4-1980, did not apply to the assessment year 1979-80. Emphasizing legislative intent and statutory interpretation principles, the Tribunal directed the WTO to assess the assessee under the pre-amendment section 20. The decision nullified any findings related to partial partition for 1979-80 and required reevaluation based on the law as of 1-4-1979. The appeal was allowed, setting aside lower authorities' orders and clarifying the non-applicability of section 20A for the relevant assessment year. en-us Fri, 03 Sep 1982 00:00:00 +0530 Fri, 11 Feb 2011 10:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64891 The ITAT held that the amended section 20A of the Wealth-tax Act, effective from 1-4-1980, did not apply to the assessment year 1979-80. Emphasizing legislative intent and statutory interpretation principles, the Tribunal directed the WTO to assess the assessee under the pre-amendment section 20. The decision nullified any findings related to partial partition for 1979-80 and required reevaluation based on the law as of 1-4-1979. The appeal was allowed, setting aside lower authorities' orders and clarifying the non-applicability of section 20A for the relevant assessment year. Case-Laws Wealth-tax Fri, 03 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64891