1995 (9) TMI 323

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....Department, the Tribunal referred the following question of law for the assessment years 1971-72 and 1972-73 under section 27(1) of the Wealth-tax Act, 1957, for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the remuneration credited to the account of the family to the karta, Shri V. S. Thyagaraj....

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....ar liability had been allowed to be deducted and deleted the additions. On further appeal, the Tribunal followed its own order dated November 5, 1974, in W. T. A. No. 427/(Mad) of 1972-73 and confirmed the order of the Appellate Assistant Commissioner in both the assessment years under consideration. The order passed by the Tribunal in W. T. A. No. 427/(Mad) of 1972-73 came up before this court by....