1995 (1) TMI 16

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..... ax Act, 1957 (hereinafter to be referred to as "the Act"), for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in modifying the Appellate Assistant Commissioner's order directing the Wealth-tax Officer to follow certain decisions of the Special Bench of the Tribunal and the Division Bench of the High Court in effect goes agains .....

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..... each of the two firms has to be determined in accordance with rule 2 of the Wealth-tax Rules, 1957. He, therefore, set aside the order of the Wealthtax Officer and directed fresh assessment by the Wealth-tax Officer in accordance with law. Thereafter, the Revenue took up the matter before the Appellate Tribunal, who, after hearing the parties, upheld the order of the Appellate Assistant Commission .....

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