The High Court disposed of a wealth tax reference that was not pressed by the applicant since the tax effect was less than Rs. 4 lakhs, returning it as unanswered.
Reference returned as unanswered; question of law left open.
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SAS
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
WEALTH TAX REFERENCE NO.8 OF 1995
The Commissioner of Wealth Tax ..Applicant.
V/s.
Shri Rajendrakumar Tuli ..Respondent.
Mr.P.S.Sahadevan for applicant.
CORAM : F.I.REBELLO AND
J.P.DEVADHAR, JJ.
DATED : 10TH OCTOBER, 2007.
P.C. :-
As the tax effect is less than Rs.4 lakhs
and considering the CBDT Circular, learned counsel for
the appellant does not press the reference.
2. In that light of that reference is returned
as unanswered. The question of law, if any, is left
open for consideration in an appropriate case.
3. Reference disposed of accordingly.
(F.I.REBELL0, J.)
(J.P.DEVADHAR, J.)
The Commissioner of Wealth Tax
Shri Rajendrakumar Tuli
F.I. Revello
J.P. Devadhar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court