JUDGMENT
1. Upon hearing the parties, we are of the view that questions Nos. 3, 4 and 5 are questions of law but question No. 3 requires to be reframed. We, therefore, reframe question No. 3 and direct the Tribunal to draw up a statement of the case and refer the following questions for the opinion of this court:
“1. Whether, on the facts and circumstances of the case, the Tribunal rightly interpreted the provisions of Section 7(4) of the Wealth-tax Act, 1957, and was right in sustaining the addition of Rs. 1,00,000 ?
2. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in rejecting the claim of the assessee for deduction of the liability under Balrampur Tenantry War Loan ?
3. Whether, on the facts and in the circumstances of the case and especially in the absence of any additional evidence produced by the
Department, the Tribunal’s reversal of the findings of the Settlement, Commission for earlier years in respect of ground No. 1 is sustainable in
law ?”
2. The application is partly allowed.