High Court of Punjab and Haryana, Chandigarh
Case Law Search
The Commissioner of Wealth-tax (Central) v. Shri Narinder Sood, Ludhiana - WTR-106-1989  RD-P&H 8599 (16 October 2006)
W.T.R. No.106 of 1989
Date of decision:24.10.2006
The Commissioner of Wealth-tax (Central), Ludhiana ...Petitioner
Shri Narinder Sood, Ludhiana ...Respondent
CORAM: HON'BLE MR.JUSTICE ADARSH KUMAR GOEL
HON'BLE MR.JUSTICE RAJESH BINDAL
Present: Mr.S.K.Garg Narwana, Advocate for the Revenue.
Following question of law has been referred for opinion of this Court by the Income Tax Appellate Tribunal, Chandigarh arising out of its order dated 6.7.l988 passed in W.T.A.No. 262/87, in respect of the assessment year 1982-83.
"Whether on the facts and in the circumstance of the case, the Tribunal was right in law in holding that the assessee was entitled to deduction u/s 5(1) (iv) in respect of his share in the land and building owned by the firm, styled M/S Oriental Dyeing & Finishing Mills, Ludhiana in which he is a partner?
We have, in our order passed today in W.T.R. Nos.32 to 37 of 1988 (Commissioner of Wealth Tax (Central), Ludhiana Vs.
Shri Kirpal Singh, Ludhiana), decided an identical question against the Revenue and in favour of the assessee.
In view of the above, question referred in the present case is also answered against the Revenue and in favour of the assessee.
(Adarsh Kumar Goel)
October 24 ,2006 (Rajesh Bindal)
Double Click on any word for its dictionary meaning or to get reference material on it.