https://www.taxtmi.com/caselaws?id=28933 The Tribunal held that the Commissioner's rectification order directing the inclusion of jewellery in wealth-tax assessments under the amended provision of section 5(1)(viii) was valid, as there was no debate on the presence of jewellery. The court rejected the argument that the retrospective operation only applied from April 1, 1963, emphasizing that the law applicable to assessments is determined by provisions in force at the start of the relevant assessment year. Consequently, the court allowed the application of the amended provisions for the assessment years 1963-64 to 1968-69 under section 35 of the Wealth-tax Act. en-us Tue, 29 Sep 1981 00:00:00 +0530 Mon, 08 Mar 2010 17:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28933 The Tribunal held that the Commissioner's rectification order directing the inclusion of jewellery in wealth-tax assessments under the amended provision of section 5(1)(viii) was valid, as there was no debate on the presence of jewellery. The court rejected the argument that the retrospective operation only applied from April 1, 1963, emphasizing that the law applicable to assessments is determined by provisions in force at the start of the relevant assessment year. Consequently, the court allowed the application of the amended provisions for the assessment years 1963-64 to 1968-69 under section 35 of the Wealth-tax Act. Case-Laws Wealth-tax Tue, 29 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28933