COMMISSIONER OF WEALTH-TAX Vs. NAROTTAM DAS

JUDGEMENT

(1.) Under Section 27(1) of the Wealth-tax Act, 1957, the Tribunal has stated the following question :

(2.) This question is concluded in favour of the assessee and against the Revenue by the decision of this court in CWT v. Nisha Gupta [1981] UPTC 440. It has been held that cold storage is an industrial undertaking within the; meaning of Section 5(1)(xxxii) of the Wealth-tax Act.

(3.) The reference is, accordingly, answered in the affirmative, i.e., in favour of the assessee and against the Revenue.