https://www.taxtmi.com/caselaws?id=14776 Section 35 of the Wealth-tax Act, 1957 was held applicable to rectify completed assessments and include the value of jewellery in light of the amendment to section 5(1)(viii) by the Finance (No. 2) Act, 1971. The dispute turned on whether the later Explanations could be relied on to treat the omission as a mistake apparent from the record, and the Court followed the apex court view that such rectification was permissible. The issue was answered in the affirmative and the Revenue succeeded. en-us Wed, 05 Jul 2000 00:00:00 +0530 Sat, 18 Jul 2009 15:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14776 Section 35 of the Wealth-tax Act, 1957 was held applicable to rectify completed assessments and include the value of jewellery in light of the amendment to section 5(1)(viii) by the Finance (No. 2) Act, 1971. The dispute turned on whether the later Explanations could be relied on to treat the omission as a mistake apparent from the record, and the Court followed the apex court view that such rectification was permissible. The issue was answered in the affirmative and the Revenue succeeded. Case-Laws Wealth-tax Wed, 05 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14776