1989 (10) TMI 6

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..... paragraph 5 of the application for the consideration of this court. This application relates to the assessment year 1979-80. Shri Singhal has invited our attention to the order passed by the Income-tax Appellate Tribunal to show that, for computing the valuation of the building of Prem Prakash Cinema, the Tribunal has placed reliance on the valuation of the said property in the assessment year 19 .....

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..... to draw up the statement of case and refer the following question of law for the consideration of this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in upholding the order of the Commissioner of Wealth-tax (Appeals) whereby he directed the Wealth-tax Officer to take valuation of Prem Prakash Cinema as on Diwali 1978 at Rs. 34,07,839 for the purpose o .....

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