2005 (1) TMI 88

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..... Wealth-tax Act, 1957, hereinafter referred to as "the Act" for opinion to this court: "1. Whether in law and on facts of the case the Tribunal was justified in confirming the Commissioner of Wealth-tax (Appeals)'s decision deleting the addition of Rs. 6,87,077 made on account of value of shares transferred to the trust? 2. Whether in law and on facts of the case, the Tribunal was justified in .....

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..... , who upheld the claim of the respondent/assessee and deleted addition, which order has been upheld by the Tribunal. We have heard Sri Shambhoo Chopra, learned standing counsel for the Revenue, and find that the Delhi High Court in the case of CIT v. Brig. Kapil Mohan [2001] 252 ITR 830 has held that such a trust is a valid trust and a trust can be created for an unborn child also. This court in .....

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