(Per : HONOURABLE THE ACTING CHIEF JUSTICE MR.BHASKAR BHATTACHARYA) These appeals are admitted on the following substantial question of law :
"Whether the learned Tribunal below committed serious error of law in holding that the property in question is not an asset within the meaning of Section 2 (ea) of the Wealth Tax Act by totally misinterpreting the phrases "Commercial Establishment" or "Complexes" referred to in sub-clause (5) thereto".
Since the respondent has already entered appearance, the appeals are treated as ready as regards service. The respondent is at liberty to file an additional paper-book containing relevant documents relied upon by the assessee before the authorities below.
We fix the appeals for hearing on February 28, 2012.
(Bhaskar Bhattacharya, Acting C.J.) (J.B.
Pardiwala, J.) Aakar Top