1989 (7) TMI 37

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..... s order dated March 25, 1988, to this court for its decision. Shri Singhal, learned counsel for the Revenue, submitted that these questions arise in other cases also and this court has passed various orders on reference applications under section 27(3) of the Wealth-tax Act, directing the Tribunal to refer these questions to this court for its decision. In support of this submission, Shri Singha .....

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..... t has observed that the burden which has been placed on the Revenue by rule 2B(2) of the Wealth-tax Rules, can be discharged by the facts and circumstances and having regard to the material produced by the assessee and, thus, in view of the said decision of this court, it would be open to the Revenue to discharge the burden from the facts and circumstances and having regard to the material produce .....

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..... the Tribunal was justified in holding that rule 2B(2) of the Wealth-tax Rules was not applicable in the assessee's case and consequently in deleting the addition made by the Wealth-tax Officer ? and (2) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the firm, Messrs. Bhuramal Rajmal Surana (Mfg.), Jaipur, is an industrial undertaking within .....

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