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TMI Blog2011 (9) TMI 493X X X X Extracts X X X X X X X X Extracts X X X X ..... The reason assigned by Tribunal for not referring the question is absolutely justified and legal and no interference in the same is called for. Even otherwise also we are satisfied that question so framed cannot be said to be a question of law. - WEALTH TAX REFERENCE APPLICATION NO. 10 OF 1995 - - - Dated:- 21-9-2011 - ARUN MISHRA, NARENDRA KUMAR JAIN-I, JJ. Anuroop Singhi for the Petition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e and the Tribunal be directed to refer the question of law mentioned in the application with the statement of the case for the decision of this Court. 4. We have considered the submissions of the learned counsel for the applicant and examined the impugned order and other orders placed on record. 5. The respondent/assessee being an individual had interest in M/s Mani Ram Sons, which had a pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nterest in M/s. Mani Ram Sons(property of M/s. Zem Cinema) on profit capitalisation method instead of valuation method i.e. land and building method?" 6. The Tribunal vide its order dated 14th February 1994 dismissed the application. The relevant portion of the order of the Tribunal reads as under:- "We find that in our impugned order itself in paragraph 5, we have mentioned that our decisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order was passed on the basis of decision of the Tribunal in the case of Shah Anil Kumar with regard to his share in Brij Talkies, Kota and in that case revenue's reference application has been rejected by the Tribunal. It was also observed that assessee's own case for the Assessment Years 1976-77 to 1980-81 the assessment had been framed on the same basis, which had not been challenged by revenu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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