1988 (5) TMI 17

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..... wer a common question of law arising out of the Tribunal's order in respect of two different assessees and for different periods. The questions as framed in the common statement of case are as under : "1. In respect of RA No. 141 /JP / 1978- 79: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that since the settlement was not the result of the a .....

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..... liability within the meaning of section 2(m)(iii) of the Wealth-tax Act, 1957, and that the liability pertaining to the assessment years 1964-65 to 1971-72 determined at Rs. 83,458 on March 24, 1975, was allowable as a deduction under section 2(m) of the Wealth-tax Act, 1957, for determination of the net wealth for the assessment years 1972-73, 1973-74 and 1974-75 ?" In one reference, the assesse .....

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