1988 (5) TMI 13

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..... ut of the Tribunal's order to this court for its decision. The relevant assessment year is 1978-79. The questions relate to the applicability of rule 2B(2) of the Wealthtax Rules, 1957, and the exemption claimed by the assessee under section 5(1)(xxxii) of the Wealth-tax Act. The Tribunal has declined to refer both these questions under section 27(1) of the Act. Hence, this application under s .....

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..... ruction of a statutory provision read along with the Explanation to section 5(1)(xxxi). Accordingly, a question of law arises in this behalf as well. Consequently, this application is allowed and the Tribunal is directed under section 27(3) of the Act to state the case and to refer to this court for its decision the following questions of law, namely: "(1) Whether, on the facts and in the circ .....

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