COMMISSIONER OF WEALTH TAX Vs. J.K. SRIVASTAVA

JUDGEMENT

(1.) THE Tribunal, Delhi, has referred the following question of law under s. 27(1) of the WT Act, 1961, hereinafter referred to as the Act, for opinion to this Court.

(2.) THE reference relates to the asst. yrs. 1978 -79 to 1980 -81.

(3.) WE have heard learned counsel for the parties. tax on the value of his interest in the AOP. 5. Respectfully following the aforesaid decision, we answer the question referred to us in the affirmative, i.e., in favour of the Revenue and against the respondent -assessee. However, there shall be no order as to costs.