Commissioner of Wealth-tax Vs. Shervani Charitable Trust - Court Judgment

SooperKanoon Citation

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Subject	Direct Taxation
Court	Allahabad High Court
Decided On	Jan-07-1991
Case Number	Wealth-tax Application Nos. 169 to 174 of 1990
Judge	B.P. Jeevan Reddy, C.J. and ;R.A. Sharma, J.
Reported in	[1991]190ITR417(All)
Appellant	Commissioner of Wealth-tax
Respondent	Shervani Charitable Trust
Respondent Advocate	S.P. Gupta and ;Vikram Gulati, Advs.

Excerpt:
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

Judgment:
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