1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX REFERENCE NO. 24 OF 1995 Commissioner of Wealth Tax .. Applicant Versus Shri Dada Kondke .. Respondent Mr. P.S. Sahadevan for the Applicant None for the Respondent CORAM: F.I. REBELLO, & R.S. MOHITE, JJ. DATED: FEBRUARY, 05, 2009 P.C. 1. The Tribunal has referred the following questions: “Whether on the facts and in the circumstances of the case, any deduction is admissible from the value of shares of the Company on account of capital gains tax that should have been payable if the shares were sold on the valuation date relevant to assessment year 1981-82 ? 2. The tribunal, after considering the facts of the case, held that the assessee was owner of the Film and songs and the same being his copy right, he cannot be assessed to wealth tax for those rights. Considering the 2 finding , the question would not arise. Consequently the Reference is answered against the Revenue and in favour of Assessee. ( R.S. MOHITE, J. ) ( F. I. REBELLO, J.)