HON’BLE SRI JUSTICE G. CHANDRAIAH & HON’BLE SRI JUSTICE CHALLA KODANDA RAM R.C. No.130 of 2000 JUDGMENT:- ( per Hon’ble Sri Justice G.Chandraiah) At instance of the Revenue, below mentioned questions of law have been referred to the opinion of this Court which arise from the order of the Tribunal in W.T.A.No. 349/Hyd/1992 for the assessment years 1984-85 . 1. Whether on the facts and in the circumstances of the case, the Appellate Tribunal was justified in confirming the order of the CIT(Appeals) in so far as fixing the value of the beneficial interest in the corpus at 50% of the value fixed by the valuer on the alleged grounds of uncertainties, hazards and risks of litigation etc.? 2. Whether the Appellate Tribunal is justified in holding that the alleged uncertainties, hazards, risks of litigation and burden of tax liability etc., pleaded by the assessee constituted factors for reduction of valuation up to 50 % of the valuation fixed by the approved valuer ? 3. Whether the Appellate Tribunal is justified in holding that the Wealth-tax Officer would be entitled to make further adjustments to the valuation as determined by the Valuation Officer under Section 16A (5) of the Wealth tax Act?” The Tribunal, while passing the order, followed its earlier decision reported in Wealth-Tax Officer vs. Trustees of Heh The Nizam’s[1] . In a batch of cases, identical questions as the one raised in this Referred Case were considered by this Court in R.C.No. 172 of 1996, dated 10.12.2013. The questions were answered in favour of the assessee and against the Revenue. In view of the same, the questions raised in this Referred Case are answered in favour of the assessee and against the Revenue. The Referred Case is accordingly disposed of. No order as to costs. A copy of the order dated 10.12.2013 passed by this Court in R.C. No.172 of 1996 be tagged on with this order. As a sequel to the disposal of the Referred Case, Miscellaneous Petitions, if any pending, shall stand disposed of as infructuous. _______________ G. CHANDRAIAH, J 23-01-2014 ____________________ CHALLA KODANDA RAM, J bcj [1] 1990 35 ITD 402