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Petitioner: COMMISSIONER OF WEALTH TAX VS Respondent: LONDON STAR DIAMOND CO. (I.) (PVT.) JUDGMENT
Court Name: Supreme Court of India Judge(s): S. Rajendra Babu, B. N. Kirpal Title:COMMISSIONER OF WEALTH TAX vs LONDON STAR DIAMOND CO. (I.) (PVT.)
JUDGMENT
Reported As: 2001 PTD 1126 Result: Order accordingly Judgment JUDGMENT After hearing learned senior counsel for the parties, in our opinion a question of law does arise. We, therefore, direct the Tribunal to state the case and refer the following question of law to the High Court: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the value of the stock-intrade does not require to be included in the net wealth for the purpose of determining the wealth tax liability of the assesseecompany?" The appeals stand disposed of in the aforesaid terms. . .