1992 (4) TMI 21

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....alth-tax Act, 1957, made at the instance of the Commissioner of Wealth-tax, Rajasthan, Jaipur. The controversy involved in the present case is a very short one and that is about the method of valuation to be applied to the shares which the respondent-assessee had in Krishna Mills Ltd., Beawar. Krishna Mills Ltd. is a private company and is a going concern. In the return submitted for the assess....

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....n of the assessee. Against the judgment of the Tribunal, the Department preferred an application for reference under section 27(1) of the Act, but, on being rejected, it came to this court under sub-section (3) of section 27 of the Act. According to the argument of learned counsel for the Revenue advanced before us, the method for determination of the value of the shares should have been the br....