https://www.taxtmi.com/caselaws?id=12138 The court ruled in favor of the assessee on all three issues. It held that the Finance Act, 1988 amendment removing wealth-tax on stock-in-trade was retrospective. Additionally, the valuation of properties as per Schedule III applied to the assessment year 1984-85, and the Supreme Court's decision in CWT v. Sharwan Kumar Swarup and Sons was deemed applicable to the provisions of Schedule III. en-us Fri, 04 Oct 2002 00:00:00 +0530 Wed, 17 Feb 2010 19:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12138 The court ruled in favor of the assessee on all three issues. It held that the Finance Act, 1988 amendment removing wealth-tax on stock-in-trade was retrospective. Additionally, the valuation of properties as per Schedule III applied to the assessment year 1984-85, and the Supreme Court's decision in CWT v. Sharwan Kumar Swarup and Sons was deemed applicable to the provisions of Schedule III. Case-Laws Wealth-tax Fri, 04 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12138