(1) Whether on the facts and in the circumstances of the case, in determining the net value of the assets of the assessee company under section 7(2) of the Wealth tax Act, the value of the company 's fixed assets as shown in its balance sheet as on the valua tion dates should have been substituted by the written down value of those assets as per the company 's income tax records ? (2) If the answer to the first question is in the negative, whether on the facts and in the circumstances of the case, for the purposes of determining the net value of the assets of the company under Section 7(2) of the Wealth tax Act an adjustment on account of normal depreciation of the fixed assets from the date of revaluation of the assets to the valuation dates was justified ? Now reverting back to the assessment of the assessee for the assessment year 1957 58, we have earlier noted the decision of the High Court.