: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.3 OF 1991 The Commissioner of Wealth Tax. ..Applicant. Vs. Shri. K.D. Sanghvi. ..Respondent. Mr.P.S.Sahadevan for the Applicant. None for the Respondent. CORAM : F.I. REBELLO & R.S. MOHITE, JJ. DATED : 16TH JANUARY, 2009. PC : 1. The Tribunal has referred two question for the consideration of this court for the assessment year 1975-76, 1976-77, 1977-78 and 1981-82 and one question in so far as assessment year 1975-76. 2. The first question is for the assessment years 1976-77, 1977-78 and 1981-82 and is answered in favour of the assessee and against the revenue. 3. In so far as Question No. 2 for the assessment years 1976-77, 1977-78 and 1981-82, the matter is remanded back to the Tribunal for deciding the matter in the light of the judgment of the Supreme Court in the case of Bharat Hari Singhania Vs. Commissioner of Wealth Tax reported in 207 I.T.R. Page-1 (S.C.). Reference returned accordingly. ( R.S. MOHITE, J.) ( F.I.REBELLO, J.)