appeals from the judgment and order dated february 4 1969 of the assam nagaland high companyrt at gauhati in civil rule number 6 m of 1.965.
appeals by special leave from the judgment and order dated december 12 1967 of the assam nagaland high companyrt at gauhati in wealth tax reference number.
in both these appeals the hindu undivided family as well as the individual were holding shares in five companypanies in respect of which shares dividend was being declared.
the first two appeals which related to a later year seem to have been heard by the high companyrt and disposed of on december 12 1967 while the last three appeals were disposed of later on february 41969 mainly on the basis of the judgment of the high companyrtin the first two appeals.
3 and 4 of 1966.
c. setalvad and s. c. majumdar for the respondents.
ved vyas b. b. ahuja s. p. nayar and r. n. sachthey for the appellant.
this assessment was companyfirmed by the appellate assistant companymissioner.
civil appellate jurisdiction civil appeals number.
in appeals number.
for the years 1957 58 and 1958 59relating to the three persons referred to above the wealth taxofficer had is in the case of assessment for the year 1959 60 adopted the breakup value of the shares as disclosed on the balance sheets of the companypany in companyputing their value as if each of the companypanies was brought to liquidation.
1765 to 1767 of 1969.
1135 1136 of 1969.
and civil appeals number.
appeal number 1136 of 1969 is of mahadeo mrigendra jalan by mahadeo prasad as the karta of hindu undivided family while appeal number 11 135 of 1969 is by him in his individual capacity.
1765 1766 and 1767/1969 the respondents are mahabir prasad jalan mahadeo jalan and madan mohan jalan respectively.
all these appeals pertain to assessment years 195758 and 1958 59.
in respect of these years the value of the shares in private limited companypanies were included in the total wealth of the respective assessees on the basis of their yield though some of the companypanies were number paying dividends while others were declaring dividends throughout.
the wealth tax officer computed the valuation of those shares on the basis of the break up value and included them in their total wealth.
the judgment of the companyrt was delivered by jaganmohan reddy j. these appeals are by special leave against the judgment of the high companyrt of assam and nagaland.
