COMMISSIONER OF WEALTH TAX Vs. VIBHA AGRAWAL

JUDGEMENT

(1.) HEARD Sri R.S. Agarwal for the assessee and Sr Bharat Ji Agarwal and Sri A.N. Mahajan for the Department.

(2.) THIS is a reference under S. 27(1) of the WT Act in which the following question has been referred to us for our opinion :

(3.) IN view of the above, we answer the question No. 1 as reframed by us in the affirmative and question No. 2 in the negative i.e., in favour of the Department and against the assessee.