Law: Wealth Tax Act, 1963

Section: 3 & 27

Wealth Tax Act (XV of 1963)------Ss. 3 & 27---Charge of wealth tax---Reference to High Court---Assessee filed eleven appeals before High Court arising from a consolidated order raising common question of law---Among said eleven appeals, nine were disposed of by a Division Bench of High Court, remanding all appeals. with direction to amend assessment order and charge Wealth Tax on the property of assessee only to the extent of his share in the property as determined in the civil court, after the agreement reached between assessee and other legal heirs on respective shares in the property---Remaining two appeals, which also involved identical question of law, were also disposed of in said terms.JUDGMENT SH. AZMAT SAEED, J.---Through this judgment, it is proposed to dispose of LT.As. Nos. 393 of 1999 and 394 of 1999 arising from a consolidated judgment of the Tribunal and involving identical question of law. 2. The appellants are assessees under the Wealth Tax Act, 1963 assessees filed eleven appeals before this Court arising from the same consolidated order, dated…