1. The High Court answered the following question in the affirmative and in favour of the assessee: "Whether the Tribunal is right in law and on facts in directing that the value of unquoted shares of Cadila Laboratories (Pvt.) Ltd. Be worked but as per rule 1D of the Wealth Tax Rules, 1957, as interpreted by the Gujarat High Court in the case of CWT v. Ashok K. Parikh (1981) 129 ITR 46?"
2. It relied upon its earlier judgment in the case of CWT v. Ashok K. Parikh (1981) 129 ITR 46 (Guj.).
3. The issue raised by the question was considered by this Court in the case of Bharat Hari Singhania v. CWT 1995 PTD 997 and a contrary view was taken.
4. Accordingly, following the said judgment of the Court, these civil appeals are allowed and the order under appeal is set aside.
5. No order as to costs. .