1990 (1) TMI 60 - HC - Wealth-tax

Summary

The High Court of Allahabad rejected five applications under section 27(3) of the Wealth-tax Act filed by the Commissioner of Wealth-tax. Questions 1 and 2 were not referred as they covered all aspects. Question 3 raised a factual issue regarding the valuation of ornaments, which did not raise any legal question. The court found no justification to call for any reference and rejected all five applications with one set of costs.