1990 (6) TMI 15

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..... decision under section 27(1) of the Wealth-tax Act, 1957 : Wealth-tax Reference No. 72 of 1976 : "(1) Whether, on the facts and in the circumstances of the case, the assessee had any interest in the trust corpus on the relevant valuation date ? (2) If the answer to question No. (1) is in the affirmative, whether the same was includible in the net wealth of the assessee ? " Wealth-tax Referenc .....

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..... ions were answered in favour of the Revenue in Wealth-tax Reference No. 7 of 1971 (Shri B. K. Dubash v. CWT) by a Division Bench (Chandurkar J., as he then was, and Sawant J., as he then was) of this court by its judgment dated March 26, 1980. In view thereof both the questions in each reference are answered in the affirmative and in favour of the Revenue. No order as to costs.    

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