1992 (8) TMI 4

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..... a direction to the Tribunal to refer the following common question of law for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in refusing to restore the valuation made by the Assessing Officer but confirming the order of the Deputy Commissioner (Appeals), despite the fact that the Deputy Commissioner (Appeals) had overlooked .....

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..... he observations of the Supreme Court in CWT v. Trustees of H.E. H. Nizam's Family (Remainder Wealth) Trust [1977] 108 ITR 555, upheld the method of valuation of the interest of the remainderman as put forward by the assessee. The Tribunal also accepted the valuation so made. We have carefully considered the order of the Tribunal and we find that the course adopted by the appellate authority as wel .....

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