IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX REFERENCE NO.15 OF 1999 The Commissioner of Wealth tax. ..Applicant. Vs. Shri. Motilal M. Bora and ors. ..Respondents. 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 the Tribunal is right in law in holding that although advance tax paid by the companies and shown in the balance sheet is not to be treated as asset as per clause 1(a) of Explanation II to the Rule 1D, the advance tax was not liable to be deducted from gross provisions for taxation under clause (ii)(e) of said Explanation? . This question is covered by the judgment of the Supreme Court in the case 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.)