JUDGMENT

SABYASACHI MUKHARJI, J. :—These appeals by certificates arise against a decision of the Full Bench of the Patna High Court. Several questions were referred to the High Court of Patna under Section 27 (1) of the Wealth-tax Act, 1957, hereinafter referred to as the Act. Two of these questions have been answered against the assessee, one was held to be not entertainable and one misconceived. The question answered against the revenue in that reference before the High Court was question No. (iii) mentioned in the judgment of B. D. Singh. J. and the question is as follows :-

"Whether, on the facts and circumstances of the case. the Tribunal was right in including in the assessees net wealth a positive figure, on account of Zamindary compensation without taking into consideration the arrears of agricultural income-tax instead of taking the figure of compensation receivable from Government of Bihar at nil."

2. In order to appreciate the question, it may be necessary to refer to some facts. The question involved before the Full Bench was for the assessment years 1959-60, 1960-61, and 1961-62. corresponding valuation dates of which were the 31st October, 1958, 3rd October, 1959 and 31