https://www.taxtmi.com/caselaws?id=27142 The High Court ruled in favor of the Revenue, upholding the rectification orders that withdrew a wealth tax rebate from an assessee who claimed to be a resident but not ordinarily resident. The Court held that the assessee was not entitled to the rebate under rule 3 of the Wealth-tax Act, regardless of the status claimed. The Court emphasized the importance of the assessee's admission of status and applied recognized meanings to terms in the absence of specific legislative definitions. The Court dismissed the reference, affirming the rectification based on the assessee's admission. en-us Wed, 19 Jun 1985 00:00:00 +0530 Thu, 11 Feb 2010 10:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27142 The High Court ruled in favor of the Revenue, upholding the rectification orders that withdrew a wealth tax rebate from an assessee who claimed to be a resident but not ordinarily resident. The Court held that the assessee was not entitled to the rebate under rule 3 of the Wealth-tax Act, regardless of the status claimed. The Court emphasized the importance of the assessee's admission of status and applied recognized meanings to terms in the absence of specific legislative definitions. The Court dismissed the reference, affirming the rectification based on the assessee's admission. Case-Laws Wealth-tax Wed, 19 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27142