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1966 (4) TMI 19 - SUPREME COURTWhether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the reassessment proceedings under section 17(b) of the Wealth-tax Act were not validly initiated and in setting aside the same ? Held that:- In the present case the Wealth-tax Officer issued notices before that decision was known to him and the question is whether, in the circumstances, in view of the later decisions of the High Courts to which we have referred, a question of law arose or not. The language of section 17(b) of the Act is pari materia with the language of section 34(1)(b) of the Income-tax Act and therefore the decisions under section 34(1)(b), ibid., would be relevant in construing the scope and effect of section 17(b) of the Act. There does appear to be divergence of opinion among the High Courts as to the meaning of the word " information " in section 34(1)(b) of the Income-tax Act, and in view of that divergence we are of opinion that a question of law did arise in the present case as to the interpretation of the word " information " in section 17(b) of the Act and should have been referred by the Tribunal. We therefore allow the appeals, set aside the order of the High Court and direct the Tribunal to state a case referring the question of law arising in these cases in the form suggested by the appellant. The Tribunal will be free to decide whether to refer the matter to the High Court under section 27(1) or to this court under section 27(3A) of the Act
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