1990 (1) TMI 59

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..... nal has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the intangible additions made in the income-tax proceedings could be treated as the assets of the assessee for the purpose of wealth-tax assessment in the light of the provisions of section 2(e) and (m) of the Wealth-tax Act, 1957 ?" The material facts givin .....

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..... d to this court for its opinion. None appeared on behalf of the assessee. Learned counsel for the Revenue brought to our notice that the matter arising in this reference is governed by a decision of this court in CWT v. Mishrilal Jain [1986] 161 ITR 583. A Division Bench of this court in that case has held that the intangible additions made in the income-tax assessment of an assessee are part of .....

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