COMMISSIONER OF WEALTH TAX Vs. GOPAL KRISHNA SINGHANIA

JUDGEMENT

(1.) FOR the asst. yrs. 1968-69 and 1969-70, the Tribunal has referred the following question of law for our opinion:

(2.) THIS very question was referred by the Tribunal in respect of Shripet Singhania, Kanupur, for the asst. yr. 1968-69. A Division Bench of this Court in a decision reported in the CWT, Kanpur vs. Shripet Shinghania, Kanpur 1977 CTR (All) 119 : 1977 UPTC 77 answered the question as follows: