Insertion of new Chapter IVA

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..... . Procedure when assessee claims identical question of law is pending before High Court or Supreme Court. (1) Notwithstanding anything contained in this Act, where an assesses claims that any question of law arising in his case for an assessment year which is pending before the Wealth-tax Officer or any appellate authority (such case being hereafter in this section referred to as the relevant ca .....

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..... Supreme Court under section 27 or in appeal before the Supreme Court under section 29. (2) Where a declaration under sub-section (1) is furnished to any appellate authority, the appellate authority shall call for a report from the Wealth-tax Officer on the correctness of the claim made by the assessee and, where the Wealth-tax Officer makes a request to the appellate authority to give him an op .....

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..... f law in appeal before any appellate authority or for a reference before the High Court or the Supreme Court under section 27 or in appeal before the Supreme Court under section 29. (5) When the decision on the question of law in the other case becomes final, it shall be applied to the relevant case and the Wealth-tax Officer or the appellate authority, as the case may be, shall, if necessary, a .....

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