Supreme Court · 1995 INSC 222 · Decided 28 March 1995
Commissioner of Wealth Tax, Orissa, Bhubaneswar v. SMT. Binapani Chakravarty
- Court
- Supreme Court of India
- Citation
- 1995 INSC 222 · [1995] 2 S.C.R. 1183
- Case number
- CIVIL APPEAL No. 1206/1977
- Decided
- 28 March 1995
- Bench
- S.C. AGRAWAL, B.L. HANSARIA, SUJATA V. MANOHAR (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Wealth Tax Act, 1957:Section S(i)(viii}-Wliether the word jewellery prior to the amendment of the section and the introduction of the Explanation B / by the Finance Act (No.2) of 1971 could include jewellery made of silver, C \ platinum or any other precious metal or alloy without previous or before coming into force of the explanation jewellery would include such ornaments. The Finance Act of 2 of 1971 amended the provisions of Section 5(1) (viii) of the Wealth Tax Act, 1957 with retrospective effect from 1st of D April, 1963. By the same Finance Act of 1971, the
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