1987 (11) TMI 31

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.... has been referred under section 27 of the Wealth-tax Act, 1957 : " Whether, on the facts and in the circumstances of the case, the assessee's share in the firms, M/s. Chintamani Brothers and M/s. Kastoor Chand Munna Lal, was exempt from wealth-tax under section 5(1)(xxxii) of the Wealth-tax Act, 1957 ? The assessee, an individual, was a partner in M/s. Chintamani Brothers and M/s. Kastoor C....