Appeals by certificate from the judgment and order dated 14th and 15th February 1968 of the Bombay High Court in Wealth Tax Reference No.
A. Ramachandran, S. P. Nayar and R. N. Sachthey for the respondent.
T. Desai, A. G. Menezes, J. B. Dadachanji, O. C. Mathur and Ravinder Narain for the appellant.
The facts of this case lie within a narrow companypass.
The Judgment of the Court was delivered by HEGDE, J. These are appeals by certificate.
They arise from a reference under s. 27 1 of the Wealth Tax Act, 1957 To be hereinafter referred to as the Act .
Hence these appeals.
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
Thest appeals relate to the Wealth Tax assessment of the appellant assessee for the assessment years 1957 58 and 1958 59, the relevant valuation date being December 31, 1956 and December 31, 1957.
5 1 1 of the Wealth tax Act ?
The High Court has answered both these questions in favour of the Department and against the assessees.
2382 2383 of 1969.
