| Citation(s) |
|---|
| 1989 SLG 2493 1989 SLD 2493 (1989) 178 ITR 298 |
Allahabad High Court
OM PRAKASH AND R.K. GULATI, JJ.
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OM PRAKASH AND R.K. GULATI, JJ.
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Dharmendra Prasad Singh
v.
Commissioner of Wealth Tax
Law:
Section:
Section 7, read with section 27 of the Wealth tax Act, 1957 - Valuation of assets - General - Whether question as to whether Tribunal rightly interpreted provisions of section 7(4) and was right in sustaining the addition of Rs. 1 lakh was a question of law arising out of Tribunal's order - Held, yes Section 2(m), read with section 27 of the Wealth-tax Act, 1957 - Net wealth - Debt owed - Whether question as to whether Tribunal was correct in law in rejecting claim of assessee for deduction of liability under Balrampur Tenantry War Loan; was a question of law arising out of Tribunal's order - Held, yes Section 22BA, read with section 27 of the Wealth-tax Act, 1957 - Settlement Commission - Jurisdiction and powers of - Whether question as to whether on facts and in circumstances of case and especially in absence of any additional evidence produced by Department, Tribunal's reversal of findings of Settlement Commission for earlier years in respect of ground No. 1 was sustainable in law, was a question of law arising out of Tribunal's order - Held, yes Rajendra for the Applicant. JUDGMENT Upon hearing the parties, we are of the view that questions Nos. 3,…
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