https://www.taxtmi.com/caselaws?id=15892 The court dismissed the writ petition challenging the amendments to the Wealth-tax Act, affirming their constitutionality. It upheld the Central Legislature's authority to classify assets for wealth tax calculation, emphasizing the distinction between taxing total asset value and specific components like land and building. The judgment clarified that the amendments did not violate the Constitution or encroach upon the State Legislature's jurisdiction, thereby validating the legislative changes in question. en-us Wed, 16 Jun 1999 00:00:00 +0530 Sat, 29 Aug 2009 16:54:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15892 The court dismissed the writ petition challenging the amendments to the Wealth-tax Act, affirming their constitutionality. It upheld the Central Legislature's authority to classify assets for wealth tax calculation, emphasizing the distinction between taxing total asset value and specific components like land and building. The judgment clarified that the amendments did not violate the Constitution or encroach upon the State Legislature's jurisdiction, thereby validating the legislative changes in question. Case-Laws Wealth-tax Wed, 16 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15892