COMMISSIONER OF WEALTH-TAX Vs. PUSHPAWATI DEVI SINGHANIA

JUDGEMENT

(1.) Under Section 27(3) of the Wealth-tax Act, 1957, the Tribunal referred the following four questions :

(2.) Whether, on the facts and in the circumstances, is it open to the Revenue to rely on Rule 1D even though no specific argument was raised before Tribunal ?

(3.) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in adopting the valuation as made by the; valuers even though their valuation was not based on the statutory method of valuation provided under Rule 1D?