1987 (4) TMI 16

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..... (viii) of the Wealth-tax Act, 1957, was expressly given retrospective effect by section 32 of the Finance (No. 2) Act, 1971, whether the Tribunal was right in holding that the Wealth-tax Officer was not competent to rectify the assessment of the assessee to tax the value of jewellery on the ground that there was no mistake apparent from the records capable of rectification under section 35 of the .....

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..... that this point was urged before the Tribunal. We, however, do not find the point referred to us. The only point in the question that is referred is whether the Wealth-tax Officer was competent to rectify the assessment of the assessee to bring to tax the value of jewellery in the light of the retrospective effect given to the amendment to section 5(1)(viii) of the Wealth-tax Act, 1957. We cannot, .....

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