1990 (4) TMI 18

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.... is requesting this court to direct the Tribunal to refer the following questions for the opinion of this court : "1. Whether the Tribunal was legally correct in holding that the business activities carried on by Shri Ashok Kumar Baranwal and Smt. Kamla Devi represented the activities of the assessee-Hindu undivided family ? 2. Whether the Tribunal was legally correct in upholding the inclus....

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....80.000 (1,40,000 + 1,40,000) in these activities ? 5. Whether there was any material to hold that Shri Hira Lal Baranwal was the karta of the assessee-Hindu undivided family and as on the valuation date was possessed of any wealth which was liable to be included in the net wealth of the assessee-Hindu undivided family ? 6. Whether there was any material to hold that the additions of Rs. 1....

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....rtment in 1973 ; (c) Rs. 80,000 representing the value of jewellery seized by the customs department in 1973 ; (valued at Rs. 71,571 in 1973) as were found and recovered at the time of search operations in 1973 and the same were includible in its 'net wealth' ? 8. Whether irrespective of the findings with regard to the ownership of : (a) Rs. 5,42,352 representing the cash seized at the....

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....10. Whether the Tribunal was legally correct in not admitting the assessee's plea for statutory deduction under section 5(1)(iv) with regard to the residential house ?" So far as questions Nos. 7 and 8 are concerned, they indeed form but one question and the Tribunal has referred the same for opinion to this court So far as questions Nos. 1 to 6 are concerned, identical questions were asked ....