1995 (11) TMI 91

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....As all these cases involve the same question of law against the same assessee, therefore, they are disposed of by a common order. It may be relevant to mention here that for the assessment years 1966-67 and 1973-74, the assessee was found to have concealed wealth and a penalty was levied in respect of both the assessment years by the Wealth-tax Officer. Aggrieved against this, the assessee pref....

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.... question was answered against the Revenue and in favour of the assessee. Now, all these references have been made at the instance of the Revenue and these cases relate to the assessment years prior to 1973-74 and subsequent years also. In all these cases, the appeals were preferred against the orders passed by the Commissioner of Wealth-tax before the Tribunal by the Revenue and the Tribunal d....

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....e now to enter into that controversy once again when the Tribunal has already taken a view that the assessee has not concealed the wealth and has satisfactorily explained. Therefore, the Wealth-tax Commissioner set aside the order and the order was confirmed by the Tribunal and when the matter came up in reference before this court, this court also answered it against the Revenue and in favour of ....