The High Court disposed of the Wealth Tax reference as unanswered because the applicant's counsel did not press it, given the low tax effect and a CBDT circular. No question of law was left open.
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SAS
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
WEALTH TAX REFERENCE NO.3 OF 1995
The Commissioner of Wealth Tax ..Applicant.
V/s.
Smt. Trupti B.Sanghavi ..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.)
Commissioner of Wealth Tax
Smt. Trupti B. Sanghavi
F.I. Rebello
J.P. Devadhar
As recorded by the court registry
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