Home Case Index All Cases Wealth-tax Wealth-tax + HC Wealth-tax - 2005 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (2) TMI 28 - DELHI HIGH COURTAppeal to HC - The facts giving rise to the present appeals are that in the statement annexed with the return the assessee had given a note that the WDV of the cars does not include the value of Rs. 131 lakhs for the imported car purchased from Shri Lalit Kumar Bagla knowing that some dispute is pending before the Delhi High Court. In the present case the court itself has to consider whether the appeal raises any substantial question of law relative to the facts of the case. We may also notice that even in the appeal it is nowhere disputed by the assessee that he is not the owner of the car, has not paid the full consideration and is not in possession of the movable property. Even the valuation of the car to the extent of Rs. 131 lakhs is admitted. The order was passed by the assessing authority after affording opportunity to the appellant and applying its mind to the documents placed on record including the order of the High Court dated January 19, 1995, which admittedly has attained finality between the parties during the pendency of the suit – Appeal dismissed
|