1997 (11) TMI 15

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..... llate Tribunal, has stated a case and referred the following common question of law under section 27(1) of the Wealth-tax Act, 1957, for our opinion : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was correct in holding that the contributions made by the assessee to the trusts should not be included in the net wealth under section 4(1)(a) of the Wealth-tax A .....

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..... Revenue, also confirmed the order of the Commissioner of Wealth-tax (Appeals). It is this order of the Appellate Tribunal that is the subject-matter of this tax case. Mr. C. V. Rajan, learned counsel for the Revenue, brought to our notice the decision of this court in the case of CIT v. M. K. Chandrakanth [1997] 225 ITR 101, wherein this court considered the relevant terms of the deeds of trusts .....

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