https://www.taxtmi.com/caselaws?id=25142 Retrospective amendment to section 5(1)(viii) of the Wealth-tax Act was held sufficient to permit rectification under section 35 so the Wealth-tax Officer could bring the value of jewellery to tax. The Court treated the question as covered by Supreme Court authority and confined itself to the reference on rectification competence, declining to decide whether "jewellery" was debatable because that issue was outside the referred question. It also noted that, in applying section 5(1)(viii), the Tribunal would still need to examine whether the assessee's ornaments fell within "jewellery". en-us Thu, 02 Apr 1987 00:00:00 +0530 Mon, 25 Jan 2010 16:10:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25142 Retrospective amendment to section 5(1)(viii) of the Wealth-tax Act was held sufficient to permit rectification under section 35 so the Wealth-tax Officer could bring the value of jewellery to tax. The Court treated the question as covered by Supreme Court authority and confined itself to the reference on rectification competence, declining to decide whether "jewellery" was debatable because that issue was outside the referred question. It also noted that, in applying section 5(1)(viii), the Tribunal would still need to examine whether the assessee's ornaments fell within "jewellery". Case-Laws Wealth-tax Thu, 02 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25142