1995 (1) TMI 16

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....e following question has been referred under section 27(1) of the Wealth-tax Act, 1957 (hereinafter to be referred to as "the Act"), for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in modifying the Appellate Assistant Commissioner's order directing the Wealth-tax Officer to follow certain decisions of the Special Bench of ....

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....sistant Commissioner who noted that the value of the assessee's interest in each of the two firms has to be determined in accordance with rule 2 of the Wealth-tax Rules, 1957. He, therefore, set aside the order of the Wealthtax Officer and directed fresh assessment by the Wealth-tax Officer in accordance with law. Thereafter, the Revenue took up the matter before the Appellate Tribunal, who, after....