1999 (10) TMI 17

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....red under section 27(1) of the Wealth-tax Act, 1957, the following question, stated to be of law and to arise out of an order dated October 15, 1980, passed by the said Tribunal in Wealth-tax Appeals Nos. 515 and 516 (Delhi) of 1979, for the opinion of this court : "Whether the Income-tax Appellate Tribunal was legally correct in holding that the assessee was entitled to the deduction under secti....

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....ty. The Assessing Officer denied the claim which was accepted by the Appellate Assistant Commissioner of Wealth-tax. The Tribunal on an appeal by the Assessing Officer has upheld the view taken by the Appellate Assistant Commissioner. In doing so, the Tribunal followed a judgment of the Karnataka High Court in CWT v. Christine Cardoza (Mrs.) [1978] 114 ITR 532. At the instance of the Commissioner ....