1988 (8) TMI 25 - HC - Wealth-tax

Summary

The High Court of Madhya Pradesh rejected the reference application under section 27(3) of the Wealth-tax Act, 1957, made by the Commissioner of Wealthtax, Bhopal. The court declined to call upon the Income-tax Tribunal to make a reference on the substantial questions of law raised in the case, as the matter was already pending before the Supreme Court and had been previously decided by the High Court. The application was rejected with no orders as to costs.