COMMISSIONER OF WEALTH TAX Vs. KRISHNA KAPOOR

JUDGEMENT

(1.) In both these reference as there is common question, they are being answered by this common order.

(2.) The Tribunal has referred the following question.

(3.) We have heard the learned Counsel. We are concerned with the Assessment Year 1984-85 of the The Wealth Tax Act, 1957 (hereinafter referred to as "Wealth Tax Act"). Section 5(1) and (v) [read] as under.