https://www.taxtmi.com/caselaws?id=17554 A retrospective insertion in section 7A of the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 deemed compulsory deposits to be deposits with a banking company for exemption purposes under the Wealth-tax Act, 1957. Because the Tribunal had decided the includibility of the deposits in net wealth without considering that amendment, the appellate treatment of sections 5(1)(xxvi) and 5(1A) required fresh examination. The matter was therefore remitted for rehearing and disposal in accordance with law. en-us Fri, 20 Jan 1995 00:00:00 +0530 Wed, 23 Sep 2009 12:33:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17554 A retrospective insertion in section 7A of the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 deemed compulsory deposits to be deposits with a banking company for exemption purposes under the Wealth-tax Act, 1957. Because the Tribunal had decided the includibility of the deposits in net wealth without considering that amendment, the appellate treatment of sections 5(1)(xxvi) and 5(1A) required fresh examination. The matter was therefore remitted for rehearing and disposal in accordance with law. Case-Laws Wealth-tax Fri, 20 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17554