https://www.taxtmi.com/caselaws?id=28734 The court ruled against the assessee, holding that ornaments made of precious metals without stones are not exempt from wealth-tax under section 5(1)(viii) of the Wealth-tax Act. Additionally, the court emphasized the importance of involving legal representatives of a deceased assessee in tax references to ensure a fair hearing and compliance with natural justice principles. The judgment highlights the liability of legal representatives for tax payable by the deceased and the necessity of their participation in assessment proceedings. The court's decision favored the Revenue, with no order as to costs. en-us Wed, 24 Nov 1982 00:00:00 +0530 Thu, 25 Feb 2010 12:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28734 The court ruled against the assessee, holding that ornaments made of precious metals without stones are not exempt from wealth-tax under section 5(1)(viii) of the Wealth-tax Act. Additionally, the court emphasized the importance of involving legal representatives of a deceased assessee in tax references to ensure a fair hearing and compliance with natural justice principles. The judgment highlights the liability of legal representatives for tax payable by the deceased and the necessity of their participation in assessment proceedings. The court's decision favored the Revenue, with no order as to costs. Case-Laws Wealth-tax Wed, 24 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28734