1990 (6) TMI 60

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....urt was delivered by T. D. SUGLA J. -In this reference at the instance of the Commissioner of Wealth-tax, Bombay City III, Bombay, the Tribunal has referred to this court the following four questions as questions of law under section 27(1) of the Wealth-tax Act, 1957 : "(1) Whether, on the facts and in the circumstances of the case, it was correct for the Tribunal in law in holding that the ....

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....year 1957-58. It is agreed between counsel appearing on the two sides that the first question is covered by this court's judgment in the assessee's own case in CIT v. Smt. Matilda Ferreira [1977] 108 ITR 616 and that, in view thereof, the question must be answered in the affirmative and in favour of the assessee. Counsel are also agreed that in view of this court's judgment in the assessee's own c....