1996 (11) TMI 20

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....r s. 27(3) of the WT Act, 1957 (for short "the Act"). The Revenue is the petitioner. It seeks a direction to the Tribunal to state the case and refer the following question of law to this Court for opinion: " "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the right to wear jewellery is not an asset for quantifying for the purpose o....

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....onsidered to be "property" for the purpose of wealth-tax and thus dismissed the appeal of the Revenue on 9th March, 1989. The application of the petitioner under s. 27(1) of the Act to refer the said question to this Court, filed before the Tribunal, was dismissed on 5th March, 1990. On those facts, the petitioner has filed this petition. 3. Learned junior standing counsel for the petitioner su....

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....21st March, 1953, viz., Sahebzadi Anwar Begum Trust. The present case arises out of the trust known as "the Nizam's Wedding Gifts Trust for two granddaughters", dt. 4th Sept., 1951. A Division Bench of this Court, of which one of us was a member (Syed Shah Mohammed Quadri, J.) in CWT vs. Trustees of H.E.H. The Nizam's Wedding Gifts Trust (supra), declined to refer an identical question. That case ....