LAWS(KER)-2001-2-35

COMMISSIONER OF WEALTH TAX Vs. A M MOOSA

Decided On February 28, 2001
COMMISSIONER OF WEALTH-TAX Appellant
V/S
A.M. MOOSA Respondents

JUDGEMENT

(1.) THIS reference is at the instance of the Revenue and is under Section 27(3) of the Wealth-tax Act, 1957. The question of law referred is as follows :

(2.) THE facts of the case are as follows :

(3.) SRI Ravindranatha Menon brought to our notice a decision of the Supreme Court in CWT v. K. S. N. Bhatt [1984] 145 ITR 1, That case relates to the Wealth-tax Act. Learned counsel brought to our notice the following observations from the above judgment (page 4) :