(1.) At the instance of the Revenue, the following two questions have been referred by the Income-tax Appellate Tribunal under Section 27(3) of the Wealth-tax Act, 1957 (hereinafter referred to as "the Act"), for the opinion of the High Court :
(2.) The reference relates to the valuation of shares corresponding to the assessment years 1979-80 and 1983-84.
(3.) The question involved in this case relates to the valuation of unquoted equity shares held by the assessee in Paharpur Cooling Towers Pvt. Ltd.