1985 (12) TMI 40

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.... -The Commissioner of Wealth-tax, Jaipur, has filed this application under section 27(3) of the Wealth-tax Act, 1957 (hereinafter referred to as "the Act"), for giving a direction to the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, to draw up the statement of the case and refer the following question of law: "Whether, on the facts and in the circumstances of the present case, the Tribun....

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....heet value of the properties, namely, Rs. 3,85, 522. On this basis, the Wealth-tax Officer came to the conclusion that the wealth had been under-assessed due to failure on the part of the assessee to disclose true and correct particulars of wealth. An argument was raised before the Income-tax Appellate Tribunal that reference could be made to the valuation cell when the proceedings were actuall....