2000 (11) TMI 90

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..... the case of S. Abdul Rahman v. CWT [1979] 117 ITR 570. The Tribunal has remitted the matter to the Assessing Officer to determine the real rate of exchange of the Ceylon rupees into Indian rupees for the purpose of determining the extent to which deposits held in Ceylon in Ceylon rupees by the assessee, after conversion into Indian rupees should be included in the wealth-tax assessment of the asse .....

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..... matter, to enable the assessee to adduce evidence. In the case before us, the Tribunal has remitted to the Wealth-tax Officer for a decision afresh after determining the real exchange rate if the assessee was to adduce any evidence on that aspect. There is no error in that order, the same being in conformity with the law laid down by this court. Needless to say in case of the assessee's failure .....

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