COMMISSIONER OF WEALTH TAX Vs. MEHARCHAND DHANDIA

JUDGEMENT

(1.) THIS reference under Section 27(1) of the Wealth-tax Act, 1957, at the instance of the Revenue, is to answer the following question of law :

(2.) CONSEQUENTLY, the reference is answered against the Revenue and in favour of the assessee by holding that the Tribunal's view in the assessee's favour is justified.