1991 (4) TMI 15 - HC - Wealth-tax

Summary

The High Court of Bombay delivered a judgment on wealth-tax assessments for various years. The Tribunal referred questions of law regarding rectification under section 35 of the Wealth-tax Act. The court directed the Tribunal to include only ornaments studded with precious stones in the net wealth of the assessee based on previous judgments. No costs were awarded.