JUDGMENT
1. Heard Sri Shekhar Srivastava for the Revenue and Sri Rajesh Kumar for the assessee, on the question of admission.
2. This is an application under Section 27(3) of the Wealth-tax Act, 1957.
3. Having heard learned counsel for the parties and perusing the application, we are of the opinion that the following question of law does arise out of the order passed by the Tribunal :
"Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding protective assessment as substantive, whereas the decision in the case of Sri Subhash Chand for the assessment year 1988-89 is still sub judice before the Tribunal ?"
4. The Tribunal is directed to draw up the statement of the case and refer the aforesaid question of law to this court.