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.8 OF 1999 The Commissioner of Wealth tax. ..Applicant. Vs. Shri. Dwarkaprasad Mansigka. ..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, the tribunal was justified in law in holding that for the purpose of valuing the shares of limited companies viz. Mansingka Industries Ltd, and Mansingka Oil Mills Ltd. under rule 1-D, of the Wealth Tax Rules, 1957 the amount of advance tax paid by the companies should not be deducted from the amount shown as provisions for taxation in the balance sheet of the companies? . 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.)