https://www.taxtmi.com/caselaws?id=69035 The tribunal allowed the appeals, holding that no wealth was taxable in the hands of the trust for the assessment years 1982-83 and 1983-84. The retrospective amendment under Section 40A(11) was deemed to be the law in force on the relevant valuation dates, leading to the exclusion of the net wealth assessed. The tribunal did not find it necessary to pronounce on the status of the assessee or the applicability of other provisions of the Wealth-tax Act. en-us Wed, 30 May 1990 00:00:00 +0530 Mon, 04 Apr 2011 17:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69035 The tribunal allowed the appeals, holding that no wealth was taxable in the hands of the trust for the assessment years 1982-83 and 1983-84. The retrospective amendment under Section 40A(11) was deemed to be the law in force on the relevant valuation dates, leading to the exclusion of the net wealth assessed. The tribunal did not find it necessary to pronounce on the status of the assessee or the applicability of other provisions of the Wealth-tax Act. Case-Laws Wealth-tax Wed, 30 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69035