COMMISSIONER OF WEALTH-TAX Vs. SYED AMJAD ALI

JUDGEMENT

(1.) At the instance of the Revenue, the Income-tax Appellate Tribunal, Delhi Bench "B", New Delhi, has referred the following question for the opinion of this court :

(2.) List is revised. None appears for the assessee. We have, therefore, heard only learned standing counsel for the Department.

(3.) The opposite party is a partner in the firm, Messrs. Amjad Ali and Co., Meerut, which is said to be engaged in the manufacture and processing of tobacco. The Tribunal relying on the order of the Appellate Assistant Commissioner found :