https://www.taxtmi.com/caselaws?id=25832 Applications under the Wealth-tax Act for reference to the High Court were held maintainable because the proposed question on includibility of the value of life interest and reversionary interest in net wealth was a live question of law. The Tribunal had treated the issue as academic on the basis of an earlier High Court decision, but that decision had since been reversed by the Supreme Court. The applications were allowed and the Tribunal was directed to state the case and refer the formulated question for the High Court's opinion. en-us Thu, 22 Jan 1987 00:00:00 +0530 Mon, 01 Feb 2010 12:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25832 Applications under the Wealth-tax Act for reference to the High Court were held maintainable because the proposed question on includibility of the value of life interest and reversionary interest in net wealth was a live question of law. The Tribunal had treated the issue as academic on the basis of an earlier High Court decision, but that decision had since been reversed by the Supreme Court. The applications were allowed and the Tribunal was directed to state the case and refer the formulated question for the High Court's opinion. Case-Laws Wealth-tax Thu, 22 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25832