2013 (4) TMI 152

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....pra. ORDER We have heard Sri Piyush Agarwal for the assessee and Sri R.K. Upadhyaya for the Department. The Income Tax Appellate Tribunal has referred the following question of law for the opinion of this Court u/s 27 of the Wealth Tax Act, for the assessment years 1973-74 and 1974-75: - "At assessee's instance: - 1. Whether on the facts and in the circumstances of the case, the Tri....

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....o the above should be valued as per Rule 1-BB of the Wealth Tax Rules, 1957. 4. Whether on the facts and in the circumstances of the case the Tribunal was legally correct in directing to compute the break up value of the shares held by the assessee in the company without taking the extra rent as it's assets? 5. Whether on the facts and in the circumstances of the case the Tribunal was legall....