Commissioner of Wealth-tax Vs. Shervani Charitable Trust - Court Judgment |
| Direct Taxation |
| Allahabad High Court |
| Jan-07-1991 |
| Wealth-tax Application Nos. 169 to 174 of 1990 |
| B.P. Jeevan Reddy, C.J. and
;R.A. Sharma, J.
|
| [1991]190ITR417(All) |
| Commissioner of Wealth-tax |
| Shervani Charitable Trust |
| S.P. Gupta and ;Vikram Gulati, Advs. |
head note:
income tax
wealth tax
reference-- - order of settlement commission--not stayed nor suspended by the supreme court in slpheld:the order of the settlement commission against which a special leave petition is said to have been filed by the department before the supreme court has no been stayed or suspended by the supreme court. if so, the order of the settlement commussion does not cease to be operative and effective. the tribunal was right in following the order of the settlement commission. wealth tax act 1957 s.27
ORDER
OF SETTLEMENT COMMISSION--Not stayed nor suspended by the Supreme Court in SLP
HELD:
The order of the Settlement Commission against which a special leave petition is said to have been filed by the Department before the Supreme Court has no been stayed or suspended by the Supreme Court. If so, the order of the Settlement Commussion does not cease to be operative and effective. The Tribunal was right in following the order of the Settlement Commission.
Wealth Tax Act 1957 s.27