https://www.taxtmi.com/caselaws?id=21636 Rectification under section 35 of the Wealth-tax Act was considered in light of the retrospective amendment to section 5(1)(viii) by the Finance (No. 2) Act, 1971, to determine whether jewellery could be brought into the assessees' net wealth for the relevant assessment years. Following J. M. Bhatia v. J. M. Shah, the amendment was treated as permitting rectification, and the earlier omission to include jewellery was not regarded as an error apparent from the record. The later view in CWT v. Smt. Godavaribai R. Podar was also noted, limiting inclusion to ornaments studded with precious stones. Inclusion was therefore confined to items falling within the statutory meaning of jewellery for the relevant years. en-us Thu, 11 Apr 1991 00:00:00 +0530 Thu, 26 Nov 2009 12:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21636 Rectification under section 35 of the Wealth-tax Act was considered in light of the retrospective amendment to section 5(1)(viii) by the Finance (No. 2) Act, 1971, to determine whether jewellery could be brought into the assessees' net wealth for the relevant assessment years. Following J. M. Bhatia v. J. M. Shah, the amendment was treated as permitting rectification, and the earlier omission to include jewellery was not regarded as an error apparent from the record. The later view in CWT v. Smt. Godavaribai R. Podar was also noted, limiting inclusion to ornaments studded with precious stones. Inclusion was therefore confined to items falling within the statutory meaning of jewellery for the relevant years. Case-Laws Wealth-tax Thu, 11 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21636