1983 (10) TMI 4

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..... Bombay, are directed against the judgment of the Bombay High Court disposing of a reference and answering the following two questions against the Revenue: " 1. Whether wealth-tax liability for the assessment year 1959-60 was allowable as a deduction in determining the net wealth of the company for the assessment year 1959-60 ? 2. Whether, on the facts and in the circumstances of the case, the am .....

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..... v. CWT [1968] 69 ITR 864, the first question is answered in the affirmative. And in the view taken by us in CWT v. Vadilal Lallubhai in Civil Appeal Nos. 1524 to 1547 of 1973 ([1984] 145 ITR 7 (SC)), in which judgment has been delivered today, the second question must also be answered in the affirmative. In the result, the appeals are dismissed, but there is no order as to costs. Appeals dismis .....

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