IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Wealth Tax Reference No. 24 of 1999 Date of decision: August 21, 2008 The Commissioner of Wealth-tax, (Central) Ludhiana. Applicant. v. Shri Avinash Chander Sharma, C/o M/s Paliwal Textile Mills, Panipat. Respondent CORAM: HON'BLE MR. JUSTICE HEMANT GUPTA HON'BLE MR. JUSTICE RAJESH BINDAL Present: Mr. K. K. Mehta, Advocate for the applicant. .. Rajesh Bindal J. The following question of law has been referred for opinion of this Court by the Income Tax Appellate Tribunal, Delhi Bench `D', Delhi (for short, `the Tribunal') arising out of order dated 8.6.1998 passed in Wealth Tax Appeal No. 845/Del/93 for the assessment years 1989-90: “Whether on the facts and in the circumstances of the case, the I.T.A.T. was right in law in holding that assessee's share in cash incentives/duty draw back claim receivable is not includible in the net wealth of the assessee ?” Learned counsel for the Revenue states that the tax effect in the present case is meager amount of Rs. 8,261/- and in view of the order of this Court in The Commissioner of Wealth-tax (Central), Ludhiana v. Om Parkash and others, WTR No. 78 to 85 of 1990, decided on 4.8.2008, he does not press the question referred to this Court for opinion. In view of the above, the present reference is returned unanswered. (Rajesh Bindal) Judge (Hemant Gupta) Judge 21.8.2008 mk