1990 (11) TMI 50

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..... ence No. 1007 of 1978 (CWT v. Pushpawati Devi Singhania [1991] 188 ITR 364 disposed of on November 13, 1990). In the said decision, we held that there was no conflict between section 24(6) of the Wealth-tax Act and rule 1 D of the Wealth-tax Rules. The same view has been taken in C WT v. Sripat Singhania [1978] 112 ITR 363, a decision of this court. For these reasons, question No. 1 is answered .....

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..... ue to rely upon rule 1D now, since it had not put forward any argument based thereon. Question No. 2 is answered accordingly. In view of the answer to question No. 2, question No. 3 does not really arise. Once the record discloses that no objection was raised to the valuation made by the arbitrators on the ground that it was opposed to rule 1D, the question of the Tribunal not accepting the said .....

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