CWT Vs. GAJU

JUDGEMENT

(1.) INCOME -tax Appellate Tribunal, Delhi, has referred the following question of law under section 27(3) of the Wealth -tax Act, 1957, (hereinafter referred to as 'the Act'), for opinion to this Act: 'Whether in the circumstances of the case, the ITAT was legally correct to confirm the order of the Deputy Commissioner (Appeals) on the point of value of land at the rate of Rs. 2.80 per sq. yds. ?'

(2.) THE present Reference relates to the assessment years 1979 -80 to 1984 -85.

(3.) WE have heard Sri Shambhoo Chopra, learned Standing Counsel for the revenue. Nobody has appeared for the respondent.