https://www.taxtmi.com/caselaws?id=26718 The High Court of Rajasthan ruled in favor of the assessees, holding that the term "jewellery" under the Wealth-tax Act, 1957 did not include ornaments made of gold, silver, platinum, or any precious metal without precious or semi-precious stones until April 1, 1972, following a retrospective amendment by the Finance (No. 2) Act of 1971. The court's decision aligned with interpretations from other High Courts, emphasizing the requirement of precious or semi-precious stones to classify an ornament as jewellery for wealth tax assessment. en-us Wed, 22 Jan 1986 00:00:00 +0530 Mon, 08 Feb 2010 10:33:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26718 The High Court of Rajasthan ruled in favor of the assessees, holding that the term "jewellery" under the Wealth-tax Act, 1957 did not include ornaments made of gold, silver, platinum, or any precious metal without precious or semi-precious stones until April 1, 1972, following a retrospective amendment by the Finance (No. 2) Act of 1971. The court's decision aligned with interpretations from other High Courts, emphasizing the requirement of precious or semi-precious stones to classify an ornament as jewellery for wealth tax assessment. Case-Laws Wealth-tax Wed, 22 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26718