1990 (1) TMI 59

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..... owing question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the intangible additions made in the income-tax proceedings could be treated as the assets of the assessee for the purpose of wealth-tax assessment in the light of the provisions of section 2(e) and (m) of the Wealth-tax Act, 1957 ?" The material facts giving rise to this referenc .....

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..... s opinion. None appeared on behalf of the assessee. Learned counsel for the Revenue brought to our notice that the matter arising in this reference is governed by a decision of this court in CWT v. Mishrilal Jain [1986] 161 ITR 583. A Division Bench of this court in that case has held that the intangible additions made in the income-tax assessment of an assessee are part of his real income and a .....

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