2002 (10) TMI 785

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....consideration is, "Whether on the facts and in the circumstances of the case and having regard to the provisions of Rule 1D of the Wealth-tax Rules, the Tribunal's order holding that the order of the Commissioner of Wealth-tax under section 25(2) of the Wealth-tax Act was not erroneous or prejudicial to the interests of the revenue and that therefore the order was liable to be set aside is su....

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.... of the Wealth-tax Rules. On appeal by the assessee, the Tribunal held that the method of evaluation under Rule 1D would be applicable only to companies which are under liquidation or winding up and the method of evaluation to be adopted in the case of going concerns is the yield basis. The Tribunal accordingly set aside the order of the Commissioner, affirming that of the Assessing Officer. The p....