1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WEALTH TAX REFERENCE NO. 12 OF 1995 Commissioner of Wealth Tax .. Applicant Versus Shri B. R. Shelley .. 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. Considering the judgment of the Supreme Court in Commissioner of Wealth Tax Vs. Shravan Kumar Swarup and Sons, (1994) 210 ITR 886 (SC), the Reference is answered in favour of the assessee and against revenue. Reference answered accordingly. ( R.S. MOHITE, J. ) ( F. I. REBELLO, J.)