Pakistan Case Law← Search
2001 PTD 1126

COMMISSIONER OF WEALTH TAX vs LONDON STAR DIAMOND CO. (I.) (PVT.)

Citation2001 PTD 1126
CourtSupreme Court of India
Judge(s)S. Rajendra Babu, B. N. Kirpal
ResultOrder accordingly

1. After hearing learned senior counsel for the parties, in our opinion a question of law does arise. We, therefore, direct the Tribunal to state the case and refer the following question of law to the High Court: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the value of the stock-intrade does not require to be included in the net wealth for the purpose of determining the wealth tax liability of the assesseecompany?"

2. The appeals stand disposed of in the aforesaid terms. . .

For educational and research use only — not legal advice. Verify against the official report before relying on it. See our Disclaimer.
Disclaimer·Privacy·Terms·Search