1989 (7) TMI 37

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....ertain questions of law said to arise out of the Tribunal's order dated March 25, 1988, to this court for its decision. Shri Singhal, learned counsel for the Revenue, submitted that these questions arise in other cases also and this court has passed various orders on reference applications under section 27(3) of the Wealth-tax Act, directing the Tribunal to refer these questions to this court for....

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....e case of Moti Chand Daga [1988] 174 ITR 379, this court has observed that the burden which has been placed on the Revenue by rule 2B(2) of the Wealth-tax Rules, can be discharged by the facts and circumstances and having regard to the material produced by the assessee and, thus, in view of the said decision of this court, it would be open to the Revenue to discharge the burden from the facts and ....