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Petitioner: COMMISSIONER OF WEALTH TAX VS Respondent: SMT. SHANTI DEVI KAUSHIK
Court Name: Allahabad High Court Judge(s): B. P. Jeevan Reddy, R. A. Sharma Title: COMMISSIONER OF WEALTH TAX vs SMT. SHANTI DEVI KAUSHIK Case No.: Wealth-tax Applications Nos. 308 to 333 of 1989 Date of Judgment:1990-07-31 Reported As: 1992 PTD 920 Result: Applications allowed in part
JUDGMENT
JUDGMENT ' B.P. JEEVAN REDDY, C.J.---For the reasons stated in our order in Wealth-tax Applications Nos. 205 to 210 of 1989 (CWT v. Suresh Kumar Kaushik alias Chakkarpani (1991) 187 ITR 343), disposed of today, question No,1 alone in these cases is directed to be referred.. Question No,1 reads as follows: "Whether the Income-tax Appellate Tribunal was factually and legally correct in directing the discounted value of compensation received by the assessee, being taken in relation to the assessm ent years 1976-77 and 1977-78 when the asset to be valued was agricultural land ?" ' So far as questions Nos.2 and 3 arc concerned, they cannot be referred for the reasons recorded in the aforesaid order. ' These wealth-tax applications are allowed in part. No costs.