1976 (12) TMI 5

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....appeal on certificate is against the judgment of the Calcutta High Court whereby the High Court answered the following question referred to it under section 27 of the Wealth-tax Act in favour of the revenue and against the assessee-appellant : " Whether, on the facts and in the circumstances of the case, the provision of Rs. 49 19,520 made by the assessee for its tax liability less the amount o....

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....and against the assessee-appellant, relied upon its earlier decision in the case of Assam Oil Co. Ltd. v. Commissioner of Wealth-tax [1963] 48 ITR 49 (Cal). The decision in the case of Assam Oil Co. Ltd. [1963] 48 ITR 49 (Cal) relied upon by the High Court was reversed on appeal by this court. Naturally, therefore, at the hearing of the appeal, Mr. Ramachandran, learned counsel for the appellan....