1998 (1) TMI 14

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....In the above two tax cases one is at the instance of the assessee and another is at the instance of the Department. At the instance of the assessee, the Tribunal has referred the following question of law under section 27(1) of the Wealth-tax Act, 1957, for our consideration : "Whether, on the facts and in the circumstances of the case, the entire coffee and tea bushes fall within the expres....

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.... assessee by the decisions of this court in M. Rangaswamy v. CWT [1996] 221 ITR 39 and R. M. Perianna Pillai (Decd.) v. CWT [1996] 221 ITR 122, wherein this court held that the entire coffee and tea bushes, apart from the two leaves and a bud of the tea bush and the berries of the coffee bush, do not fall within the expression "growing crops" for exemption under section 5(1)(viiia) of the Wealth-t....

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.... question of law came up for consideration before this court in R. Venkatavaradha Reddiar v. CWT [1995] 214 ITR 76, wherein this court held that the assessee, a partner, is entitled to the exemption by way of reduction under section 5(1)(iva) of the Wealth-tax Act in respect of his share in the agricultural lands held by the firm in which the assessee is a partner, while computing the net wealth o....