COMMISSIONER OF WEALTH TAX Vs. JAGDEV INDERSINGH.

JUDGEMENT

(1.) IN the two references, one by the assessee and the other by the CWT, Amritsar, the Tribunal referred the following questions of law to this Court for adjudication :

(2.) WHETHER , on the facts and in the circumstances of the case, the direction of the Tribunal to value the agricultural land on the basis of the finally determined compensation without any discount, subject to a maximum limit of Rs. 9 per sq. yard, was legally correct ?

(3.) WHETHER , in view of the facts and the circumstances of the case, the Tribunal was right in refusing to grant exemption under s. 5(1)(xviii) on account of land originally received as Military Grant -