2005 (2) TMI 65

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..... eady been settled by the apex court in Juggilal Kamlapat Bankers v. WTO, and these matters can be decided by the Division Bench bearing in mind the ratio indicated in Juggilal Kamlapat Bankers v. WTO. We, therefore, remit the matter back to the Division Bench with the request to dispose of all these similar applications in the light of the ratio indicated in Juggilal Kamlapat Bankers v. WTO - - - .....

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..... cisions rendered by the Division Benches, they need to be examined by the Full Bench. The matters, therefore, were referred to the Full Bench. We have heard the submissions advanced at the Bar. In Juggilal Kamlapat Bankers v. WTO [1984] 145 ITR 485 (SC); [1984] 1 SCC 571, 582, their Lordships of the Supreme; court had occasion to consider rule 2B(2) of the Wealth-tax Rules and it was indicated .....

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..... tionary and optional, the provision being an enabling one." One scanning the controversy, we notice that the question of law involved in these matters relates to the interpretation of rule 2B(2) of Wealth-tax Rules and the controversy in question has already been settled by the apex court in Juggilal Kamlapat Bankers v. WTO [1984] 145 ITR 485, and these matters can be decided by the Division Ben .....

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