COMMISSIONER OF WEALTH TAX Vs. MEERUT RACE CLUB

JUDGEMENT

(1.) THE Tribunal, Delhi has referred the following two questions of law under s. 27(3) of the WT Act, 1957 (hereinafter referred to as the Act) for opinion to this Court : "1. Whether on the facts and in the circumstances of the case, the Tribunal was legally justified in upholding the order of the AAC annulling the assessment ?

(2.) WHETHER , on the facts and in the circumstances of the case, the Tribunal was legally justified in not pronouncing the decision on merits of the case - 2. Briefly stated the facts giving rise to the present reference are as follows : The reference relates to the asst. yr. 1977 -78.

(3.) WE have heard Shri Govind Krishna, the learned standing counsel for the Revenue and Shri Amitabh Agrawal, learned counsel holding brief of Shri P.K. Jain.