Home Case Index All Cases Wealth-tax Wealth-tax + SC Wealth-tax - 2002 (12) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (12) TMI 9 - SC - Wealth-taxWhether the Tribunal is right in confirming the order of Commissioner of Wealth-tax (Appeals) directing the AO to exclude the value of the assets transferred to body of individuals from the wealth of the assessee - Once it is found, as a fact, that the creation of the BOI and assignment of assets was not sham and bogus activity, the question sought to be referred would not arise and, therefore, the Tribunal u/s 27(1) and the HC u/s 27(3) were right in rejecting the application of the Revenue.
|