High Court orders Tribunal to refer 2nd question on disputed land valuation under Wealth-tax Act

The High Court ordered the Tribunal to refer the second question raised by the Revenue in a petition under section 27(3) of the Wealth-tax Act, 1957 regarding the valuation of disputed land, as it raised relevant issues that were overlooked by the Tribunal.

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The Revenue filed a petition under section 27(3) of the Wealth-tax Act, 1957 to refer two questions to the High Court regarding the valuation of disputed land. The High Court found that the second question raised relevant issues that were ignored by the Tribunal and ordered the Tribunal to refer question No. (2) to the court.

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