B. P. JEEVAN REDDY, J.

( 1 ) THESE two references one under the wealth-tax act and the other under the income-tax Act - arise on the same facts. R. C. No. 19 of 1980 is a reference under section 27 (1) of the wealth-tax Act, 1957 and the question referred is. "whether on the facts and in the circumstances of the case and on a proper construction of the scope and effect of the judgment of the Chief Judge of the City Civil Court, Hyderabad in the proceedings under section 34 of the Indian Trusts Act, the Tribunal is correct in holding that as on the relevant valuation dates corresponding to the assessment years 1974-75 and 1975-76 the corpus of the trust fund cannot be said to have been held in trust for charitable or religious purposes in India and the assessee trust, is therefore, not entitled to exemption under section 5 (1) (i) of the Wealth-tax Act, 1957, in respect of the corpus of the trust fund ?"r. C. No. 139 of 1980 is a reference under section 256 (1) of the Income-tax Act, 1961, and the question refereed herein is :"whether, on the facts and in the circumstances of the case, the assessees income for the assessment year 1974-75 is not liable to be taxed in view of the prov

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