COMMISSIONER OF INCOME TAX Vs. MISHRILAL JAIN

JUDGEMENT

(1.) BY this reference under Section 27(1) of the Wealth-tax Act, 1957 (hereinafter referred to as the "Act"), the Income-tax Appellate Tribunal has referred the following question of law to this court for its opinion :

(2.) THE material facts giving rise to this reference, briefly, are as follows ;