:1: IN IN IN THE THE THE HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX APPEAL NO.11 OF 1999 The Official Trustee, Maharashtra State, Corporation Sole, Sole Trustee for the powers and purposes under The Sir Jamsetjee Jejeebhoy Baronetcy Act,1915 having his office at P.W.D. Building, Veer Nariman Road, Mumbai-400032. ...Appellant. Vs. The Wealth Tax Officer, Ward 29(2), Mumbai. ...Respondent. Mr.J.D. Mistri with Ms.S.Vedpathak i/by Maneksha & Sethna for the Appellant. Mr.P.S.Sahadevan with Mr.A.D.Nagarjun for the Respondent-Revenue. CORAM : F.I. REBELLO & R.S. MOHITE, JJ. DATE : 16TH MARCH, 2009 ORAL JUDGMENT : 1. The substantial questions of law as referred in this appeal are as follows. 1. Whether on the facts and in the circumstance of the case and on a correct interpretation of Section 21(1A) of the Wealth Tax Act,1957 the Tribunal was right in law in holding that the assessee was liable to Wealth tax on the excess of the value of the assets of the fund over the value of the interest of the beneficiaries in the fund under the Act? :2: 2. Whether on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the assessee falls within the scope and ambit of the Act? 3. Whether on the facts and in the circumstances of the case the Tribunal was right in law in holding that the assessee was liable to Wealth Tax on the excess of the value of the assets of the fund over the value of the interest of the beneficiaries in the fund over the Act? 2. The aforesaid questions have been dealt with and answered by us by a judgment and order passed in Wealth Tax Reference No.18 of 1993. For the reasons set out in the aforesaid judgment, the questions raised are answered in the negative and in favour of the assessee. 3. The appeal stands disposed off with no order as to costs. (R.S. MOHITE, J.) (F.I. REBELLO, J.)