9911796707
TMI Blog1996 (2) TMI 68X X X X Extracts X X X X X X X X Extracts X X X X ..... under section 27(3) of the Wealth-tax Act, 1957 (for short "the Act"), seeking direction to the Tribunal to state the case and refer the proposed two questions of law, as extracted below, arising out of the order dated January 17, 1990, passed by the Tribunal in WTA Nos. 36 and 65/Ind of 1989 relating to the assessment year 1986-87 for our opinion : "(i) Whether, on the facts and in the circumst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... declared the value of the shops at Rs. 3,48,089 on the basis of cost of construction which she subsequently revised on the basis of the approved valuer's report indicating Rs. 4,30,000. In the assessment, for the assessment year 1986-87, the Wealth-tax Officer on the basis of the report of the Departmental Valuer determined the value at Rs. 24,65,000. The assessee had also received deposits from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aluation Officer. The Department felt aggrieved by the order of the Tribunal and thus filed the application under section 27(1) of the Act. The application, as registered R. A. No. 58/Ind of 1990, was rejected on November 30, 1990. The Department has then filed this application. We have heard Shri D. D. Vyas, learned counsel for the applicant/Department. None appeared for the non-applicant/asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efer question No. (i) for our consideration and opinion. We also direct to make an endeavour to comply with this direction within ten months from the date of the receipt of this order by it. There shall be no order as to costs. Counsel fee is, however, fixed at Rs. 750 for the applicant, if certified. A copy of this order shall be transmitted to the Tribunal immediately for compliance, as di ..... X X X X Extracts X X X X X X X X Extracts X X X X
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