https://www.taxtmi.com/caselaws?id=6068 A referable question of law arose on whether the right to wear jewellery could be assessed as an asset under the Wealth-tax Act, 1957, particularly in light of the retrospective amendment to section 5(1)(viii). The earlier High Court view was not treated as conclusive because the trust deed in the present matter was materially different from the deed considered in the prior decision. On that basis, the issue was not foreclosed and required consideration by the High Court. The assessee's objection to reference therefore failed. en-us Thu, 23 Aug 2001 00:00:00 +0530 Mon, 01 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6068 A referable question of law arose on whether the right to wear jewellery could be assessed as an asset under the Wealth-tax Act, 1957, particularly in light of the retrospective amendment to section 5(1)(viii). The earlier High Court view was not treated as conclusive because the trust deed in the present matter was materially different from the deed considered in the prior decision. On that basis, the issue was not foreclosed and required consideration by the High Court. The assessee's objection to reference therefore failed. Case-Laws Wealth-tax Thu, 23 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6068