1987 (3) TMI 63

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....ce applications filed at the instance of the Commissioner of Wealth-tax relating to the assessment years 1965-66 to 1969-70. They raise one question of law which is framed in these terms by the applicant: " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in directing the Wealth-tax Officer to recalculate the value of the property at 14, Barakhamba Road, Ne....

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....unal directly as well as by the orders passed under section 27(3) of the Act by this court in a number of cases. He, therefore, requests that the question of law may be directed to be referred by the Tribunal. On the other hand, on behalf of the respondent, it is submitted that the question of law sought to be raised by the Department even if considered to be a question of law need not be refer....

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....espondent, to the same conclusion. Counsel for the respondent also relies on an order made by this court on January 25, 1982, in W.T.C. No. 127 of 1979 where a question of law similar to the one presently under consideration was raised in relation to the applicability of section 7(4) of the Wealth-tax Act and inserted with effect from April 1, 1976. This court dismissed the Department's applicatio....