From the Judgment and Order dated the 18th January, 1977 of the High Court at Madras in T.C. Petitions Nos.
C. Manchanda and Miss A. Subhashini for the Appellant.
384 to 387 of 1978.
CIVIL APPELLATE JURISDICTION Civil Appeals Nos.
The Judgment of the Court was delivered by PATHAK, J. These appeals are directed against the judgment of the Madras High Court refusing to call for a reference from the Appellate Tribunal under s. 27 3 of the Wealth Tax Act on the following two questions 1 Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that the liabilities claimed by the assessee, though existence of the very liability was questioned by the assessee, should be allowed as a debt owed in companyputing the net wealth of the assessee ?
Gopala Subramanium and Mrs. S. Gopalakrishnan for the Respondent.
409 to 412 of 1976.
