1980 (9) TMI 124 - AT - Wealth-tax

Summary

The Revenue sought to refer questions of law to the High Court regarding properties held on monthly tenancy and exclusion of sum from net wealth. Tribunal declined as no referable question of law arose. AAC and Tribunal held assessee was merely a tenant who sublet properties, with no interest therein. Tribunal's finding of monthly tenancy is a finding of fact, no question of law arises.