1980 (10) TMI 2

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..... 9 (CWT v. Abhay Kumar) and Miscellaneous Civil Case No. 170 of 1979 (CWT v. Anil Kumar) as they arise out of consolidated order of the Appellate Tribunal dated 15th September, 1978. The Commissioner of Wealth-tax has filed applications under s. 27(2) of the W.T. Act, 1957, for a direction to the Appellate Tribunal to state the case and refer the following questions for opinion: (1) Whether, on .....

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..... nce for certain liabilities. The Tribunal observed that whether the liabilities were contingent or certain was a tricky question of law and related to the interpretation of certain statutes and, therefore, the calculation made by the assessees at a lower figure did not indicate concealment of particulars of wealth. This basic finding was a finding of fact on which the penalties had been cancelled. .....

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