1988 (8) TMI 37

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the Commissioner of Wealth-tax, to answer the following question of law, namely: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the value of various items of drawings, paintings, manuscripts, etc., would be exempt under section 5(1)(xii) of the Wealth-tax Act, 1957, in the case of the assessee, ignoring the fact that in the acco....