Partly allowed

C.W.T.Central-Ii, Bombay. v. Shri Kiron D.Sanghvi, Bombay.

Bombay HC16 Jan 2009WTR/3/1991

Case brief

AI extract

What is this about?

The Bombay High Court considered reference questions relating to wealth tax assessment for specific years. It held that Question No. 1 should be answered in favour of the assessee and remanded Question No. 2 to the Tribunal in light of a Supreme Court judgment.

What did the court decide?

Question No. answered in favour of assessee; Question No. remanded to Tribunal.

C.W.T.Central-Ii, Bombay. Vs Shri Kiron… — Civil Procedure and Limitation | Bombay HC (2009)

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IN THE HIGH ORDINARY	COURT ORIGINAL	OF JUDICATURE AT BO CIVIL JURISDI	MBAY CTION
WEALTH	TAX REF	ERENCE NO.3 OF	1991
The Commissioner of Wealth Tax. Vs. Shri. K.D. Sanghvi.		..Applicant. ..Respondent.
Mr.P.S.Sahadevan	for	the Ap	plicant.
None for		the Resp	ondent.
CORAM : DATED	F.I. REBE : 16	LLO & R.S. MOHITE, TH JANUARY,	JJ. 2009.
PC			:
1. The Tribunal	has referre	d two question for	the
consideration of th	is court	for the assessment	year
1975-76, 1976-77, 1977-78 and 1981- in so far as assessment year 1975-76.	82 and one question
2. The first	question is	for the assessment	years
1976-77, 1977-78 and 1981-82 and is of the assessee and against the revenue	answered in favour .
3. In so far	as Question	No. 2 for the ass	essment
years 1976-77, 1977-	78 and	1981-82, the matter	is
remanded back to the	Tribunal	for deciding the matter	in
the light of the	judgment of	the Supreme Court in	the
case of Bharat	Hari Singhania	Vs. Commissioner	of
Wealth Tax reported in 207 I.T.R. Reference returned accordingly.	Page-1 (S.C.).

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( R.S. MOHITE, J.) ( F.I.REBELLO, J.)

C.W.T.Central-Ii, Bombay. v. Shri Kiron D.Sanghvi, Bombay.

Case brief

What is this about?

What did the court decide?

C.W.T.Central-Ii, Bombay. v. Shri Kiron D.Sanghvi, Bombay.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Cases cited

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Coram

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