: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 REFERENCE NO.7 OF 1999 The Commissioner of Wealth tax. ..Applicant. Vs. Shri. Navin R. Kamani. ..Respondent. Mr. P.S. Sahadevan for the Applicant. None for the Respondent. CORAM : F.I. REBELLO & R.S. MOHITE, JJ. DATE : 23rd January, 2009. PC : 1. The Tribunal referred the following question. Whether on the facts and in the circumstances of the case and in law the tribunal was justified in confirming the order of the A.A.C wherein he held that the provision for taxation should not be reduced by the amount of advance tax paid, for the purpose of valuation of shares under Rule 1D of the Wealth tax Rules, 1957? This question is covered by the judgment of the Supreme Court in the case of Bharat Hari Singhania Vs. Bharat Hari Singhania Vs. Bharat Hari Singhania Vs. Commissioner Commissioner Commissioner of Wealth tax reported in 207 ITR Page-1. of Wealth tax reported in 207 ITR Page-1. of Wealth tax reported in 207 ITR Page-1. Considering the above, reference is returned to the tribunal to be answered based on the ratio laid down in the aforesaid judgment. Reference is returned accordingly. ( R.S. MOHITE, J.) ( F.I.REBELLO, J.)