COMMISSIONER OF WEALTH TAX Vs. GYANCHAND JAIN

JUDGEMENT

(1.) THESE four references under Section 27(1) of the Wealth-tax Act, 1957 (hereinafter referred to as the "Act"), relate to the assessment years 1972-73, 1973-74, 1974-75 and 1975-76.

(2.) THE only question of law which has fallen for our consideration is as follows :

(3.) WE are sure that, if the facts as asserted by learned counsel for the assessee are found to be correct, then, keeping in view the requirement of justice, the Tribunal will give due consideration to this aspect of the matter and pass appropriate orders in accordance with law.