Supreme Court · 2002 INSC 532 · Decided 11 December 2002
Commissioner of Wealth Tax, Gujarat v. LOV. S. Kinariwala
- Court
- Supreme Court of India
- Citation
- 2002 INSC 532 · [2002] SUPP. 5 S.C.R. 44
- Case number
- CIVIL APPEAL No. 1858/2002
- Decided
- 11 December 2002
- Bench
- S.S.M. QUADRI, ARIJIT PASAYAT (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Wealth Tax Act, 1957: s.27 (I) and 27(3)-Assessee, a beneficiary of Trust assigned to the trust C his share of income received from pa1:tnership firm-The same alongwith other income distributed to assessee-Assessee assigned his interest in favour of Body of Individuals (80/s) and claimed that it Officer holding that creation of BO/s and assignment was a sham and bogus-Commissioner (Appeals) reversed D the findings and his decision affirmed by Tribunal-High Court declined to direct the Tribunal to state and refer the question holding that decision of Tribunal was on the question of fact
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