https://www.taxtmi.com/caselaws?id=23330 The amended section 20A of the Wealth-tax Act did not apply to a partition made on 9 February 1979 for assessment year 1979-80 because the amendment took effect from 1 April 1980 and Board Circular No. 281 of 1980 limited its operation to assessment year 1980-81 onwards. On that basis, the Tribunal was correct in declining to refer the matter, as no referable question of law arose under section 27(3). The operative principle is that an amended fiscal provision cannot govern an earlier assessment year where the statutory scheme or circular confines it to later years. en-us Tue, 21 Feb 1989 00:00:00 +0530 Fri, 18 Dec 2009 13:20:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23330 The amended section 20A of the Wealth-tax Act did not apply to a partition made on 9 February 1979 for assessment year 1979-80 because the amendment took effect from 1 April 1980 and Board Circular No. 281 of 1980 limited its operation to assessment year 1980-81 onwards. On that basis, the Tribunal was correct in declining to refer the matter, as no referable question of law arose under section 27(3). The operative principle is that an amended fiscal provision cannot govern an earlier assessment year where the statutory scheme or circular confines it to later years. Case-Laws Wealth-tax Tue, 21 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23330