1994 (1) TMI 47

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..... e facts and in the circumstances of the case, the Appellate Tribunal was right in holding that no additional wealth-tax is leviable in respect of the property known as Geetha Lodge in which the assessee has got 1/3rd share ? 2. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the property known as Geetha Lodge of which the assessee is o .....

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..... g answers to the above two questions. Learned counsel appearing for the Revenue fairly states that the principles laid down by this court in the case of CIT v. K. M. Jagannathan [1989] 180 ITR 191, interpreting the scope of section 22 of the Income-tax Act, 1961, will apply to the facts of these cases. Applying the ratio laid down in the decision stated supra, we answer the questions in the affi .....

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