1993 (7) TMI 13

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....ide this order two Wealth-tax References (Nos. 43 and 44 of 1982) are being disposed of as the facts are common. They are now taken from Reference No. 43 of 1982. The following question of law has been referred to this court in Wealth-tax Reference No. 43 of 1982 by the Wealth-tax Appellate Tribunal, Amritsar, for adjudication: "Whether, on the facts and in the circumstances of the case, the....

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....ax Officer passed the order of assessment. The assessee filed an appeal before the Commissioner of Wealth-tax (Appeals), who partly accepted the appeal and reduced the value of the property. Thereafter two appeals were filed before the Tribunal, one by the assessee (i.e., Appeal No. 113 of 1980) and the other by the Revenue (i.e., Appeal No. 139 of 1980). The appeal filed by the assessee was allow....