1982 (5) TMI 13

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....as delivered by RAJENDRA NATH MITTAL J.-This judgment will dispose of W.T. References Nos. 20 and 19 of 1976, which relate to the assessment years 1972-73 and 1973-74, respectively. The Wealth-tax Appellate Tribunal, Chandigarh Bench, has referred the following question for the opinion of the court in W.T. Reference No. 20 of 1976: " Whether, on the facts and in the circumstances of the c....

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....r appeal in the Supreme Court. On appeal, the AAC reversed the order of the WTO and, following the High Court dicta in Yuvraj Amrinder Singh's case, accepted the appeal. An appeal against the judgment was taken by the Department to the Wealth-tax Appellate Tribunal, Chandigarh, which affirmed the order of the AAC and dismissed the same. On an application by the Department, the abovesaid questio....

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....d by the observations of the learned Division Bench with which we also agree. Wealth-tax Reference No. 19 of 1976 relates to the assessment year 1973-74. The facts of that case are Similar to those of Wealth-tax Reference No. 20 of 1976. The question referred for opinion of this court is as follows: " Whether the right or interest of the assessee in the annuity policy has been rightly held b....