1986 (9) TMI 48

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...., by its order dated March 9, 1978, has referred two questions of law in respect of two different assessees. The questions of law had arisen out of Wealth-tax Appeal No. 215/Jp/76/77 for the assessment year 1975-76 (Smt. Kamla v. CWT, Rajasthan, Jaipur) and Wealth-tax Appeal No. 216/Jp/1976-77, for assessment year 1975-76(Smt. Sudershan v. CWT, Rajasthan, Jaipur). In view of these circumstances, t....

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....s right in holding that the gift of Rs. 25,000 of Smt. Sudershan was an indirect transfer of the amount to her husband and was, therefore, includible in her net wealth under section 4(1)(a) of the Wealth-tax Act, 1957. " Nobody appeared on behalf of the assessee. We have heard Mr. Surolia, learned counsel for the Department. The Income-tax Appellate Tribunal after considering the entire record an....