MGN IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX REFERENCE NO.42 OF 1997 The Commissioner of Walth Tazx...Applicant Vs. Shri Dharmendra Deol ..Respondent Shri P.S. Sahadevan with Arun D. Nagarajan for Applicant,. CORAM: F.I. CORAM: F.I. CORAM: F.I. REBELLO REBELLO REBELLO & R.S.MOHITE, JJ. R.S.MOHITE, JJ. R.S.MOHITE, JJ. DATED: 13th February, 2009 DATED: 13th February, 2009 DATED: 13th February, 2009 P.C.: P.C.: P.C.: . The Tribunal has referred the following question:- "Whether on the facts and in the circumstances of the case, and in law, the Tribunal is justified in directing to allow exemption u/s.5(1) (vi) of W.T. Act to the annuity policies held by the assessee?" The same is clearly answered in favour of the assessee by the judgment of the Supreme Court Commissioner of Wealth Tax, Punjab, J. & K. and Commissioner of Wealth Tax, Punjab, J. & K. and Commissioner of Wealth Tax, Punjab, J. & K. and Chandigarh v. Yuvraj Amrinder Singh, 156 ITR 525 Chandigarh v. Yuvraj Amrinder Singh, 156 ITR 525 Chandigarh v. Yuvraj Amrinder Singh, 156 ITR 525 (SC). (SC). (SC). 2. In the light of the above, the issue is answered in the affirmative in favour of the assessee and against the Revenue. (R.S.MOHITE, J.) (F.I.REBELLO,J.) (R.S.MOHITE, J.) (F.I.REBELLO,J.) (R.S.MOHITE, J.) (F.I.REBELLO,J.)