1988 (5) TMI 17

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....t the instance of the Revenue to answer a common question of law arising out of the Tribunal's order in respect of two different assessees and for different periods. The questions as framed in the common statement of case are as under : "1. In respect of RA No. 141 /JP / 1978- 79: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that since th....

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.... 1957, it was not income-tax and wealth-tax liability within the meaning of section 2(m)(iii) of the Wealth-tax Act, 1957, and that the liability pertaining to the assessment years 1964-65 to 1971-72 determined at Rs. 83,458 on March 24, 1975, was allowable as a deduction under section 2(m) of the Wealth-tax Act, 1957, for determination of the net wealth for the assessment years 1972-73, 1973-74 a....