https://www.taxtmi.com/caselaws?id=39206 The court held that the Tribunal was not justified in rectifying its order to determine the exemption of jewellery under the Wealth-tax Act. It was deemed that the issues surrounding the retrospective application of the amendment to Section 5(1)(viii) and the definition of "jewellery" were debatable and not considered as errors apparent from the record. The decision favored the assessee, with the Commissioner of Wealth-tax directed to pay costs. Additionally, a certificate of leave to appeal to the Supreme Court was granted due to the substantial legal questions involved. en-us Thu, 29 Aug 1974 00:00:00 +0530 Tue, 13 Apr 2010 17:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39206 The court held that the Tribunal was not justified in rectifying its order to determine the exemption of jewellery under the Wealth-tax Act. It was deemed that the issues surrounding the retrospective application of the amendment to Section 5(1)(viii) and the definition of "jewellery" were debatable and not considered as errors apparent from the record. The decision favored the assessee, with the Commissioner of Wealth-tax directed to pay costs. Additionally, a certificate of leave to appeal to the Supreme Court was granted due to the substantial legal questions involved. Case-Laws Wealth-tax Thu, 29 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39206