NARINDER PAUL SYAL Vs. COMMISSIONER OF WEALTH-TAX

JUDGEMENT

(1.) THIS judgment shall dispose of the Wealth-tax References Nos. 49 to 51 of 1982, as they arise from the same facts. The Income-tax Appellate Tribunal, Amritsar (hereinafter referred to as "the Tribunal"), had also dealt with them together and passed a common order.

(2.) AT the instance of the assessees, the following question of law has been referred to the High Court for its opinion :

(3.) ACCORDING to the valuation report, the total area of the property is 788 marlas, which could be divided into two sectors, 578 marlas of land over which buildings were constructed by the assessees from time to time, which is now a commercial complex. The commercial complex is scattered over 578 marlas, which has one entrance from the railway road. The area under the roads, lanes and paths, etc. , is 171 marlas. The position regarding land under roads and covered with structures, as given in the valuation report, is as under :