1986 (3) TMI 68

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....been referred to this court for its opinion under section 27(1) of the Wealth-tax Act, 1957: " Whether, on the facts and in the circumstances of the case, the Tribunal was correct in cancelling the order of the Commissioner of Wealth-tax passed under section 25(2) of the Wealth-tax Act, 1957, which directed the Wealth-tax Officer to consider initiation of proceedings under section 18(1)(a) of t....

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....al before the Tribunal and the Delhi Tribunal while relying upon the decision in the case of Shri J. K. D'Costa, New Delhi v. ITO, Private Salary Circle-VI reported in Taxation, April 1973 issue, section VI, page 100, and also relying upon another decision of Delhi Bench of the Tribunal in the case of Shri Satya Narain Shiv Shankar, Delhi and Shri R. L. Puri, c/o. M/s. Prakash Bros. & Co. Karol Ba....

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....J. K. D' Costa [1982] 133 ITR 7 was followed by the Delhi High Court in the case of Addl. CIT v. Achal Kumar Jain [1983] 142 ITR 606. On a similar question, a matter came up before Chadha and Goel JJ. in the case of P. C. Puri v. CIT [1985] 151 ITR 584 (Delhi) and on a difference of opinion between the learned judges, the matter was referred to a third judge, A. B. Rohatgi J., sitting as third jud....