9911796707
TMI Blog1996 (11) TMI 20X X X X Extracts X X X X X X X X Extracts X X X X ..... tion to the Tribunal to state the case and refer the following question of law to this Court for opinion: " "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the right to wear jewellery is not an asset for quantifying for the purpose of wealth-tax and assessing the same in the hands of the trustees under s. 21(1) of the WT Act, 1957, e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 9th March, 1989. The application of the petitioner under s. 27(1) of the Act to refer the said question to this Court, filed before the Tribunal, was dismissed on 5th March, 1990. On those facts, the petitioner has filed this petition. 3. Learned junior standing counsel for the petitioner submits that an identical question has been referred to the Full Bench and, therefore, this case may als ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... "the Nizam's Wedding Gifts Trust for two granddaughters", dt. 4th Sept., 1951. A Division Bench of this Court, of which one of us was a member (Syed Shah Mohammed Quadri, J.) in CWT vs. Trustees of H.E.H. The Nizam's Wedding Gifts Trust (supra), declined to refer an identical question. That case related to the asst. yrs. 1976-77 to 1980-81. Following the judgment in RC No. 67 of 1969, dt. 5th Nov ..... X X X X Extracts X X X X X X X X Extracts X X X X
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