2001 (1) TMI 2

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... The question before the High Court at the behest of the Revenue read thus : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that for purposes of computation of the intrinsic value of unquoted shares under rule 1D of the Wealth-tax Rules, 1957, the amount of advance tax paid by the company and shown on the assets side of the balanc....