JAGANMOHAN REDDY, J.

( 1 ) THE Income-tax Appellate Tribunal has stated a case, in respect of the assessment year 1957-58, for which the relevant valuation date is 31-3-1957, under Section 27 (I) of the Wealth Tax Act, 1957, on the following questions for the opinion of this Court, namely. (1) Whether the assessee has been correctly assessed in the status of an individual: and

( 2 ) WHERE the amount receivable by the assessee from the Jagir Administrator as compensation on the abolition of the Jagir constitute the Wealth of the assessee and is assessable under the Wealth Tax Act. (2) The facts out of which the above two questions arise are that the assessee. Rani Bhagya Lakshmamma was the holder of Samasthan Amarchinta prior to the abolition of the Jagirs. She was the Jagirdar and in respect of the income from the Jagir, she was being assessed as an individual. On the abolition of the Jagirs, the Government determined a certain sum as payable to her for taking over her rights in the Jagir, namely, the commutation amount paid to the assessee in instalment spread over a period of 20 years. It may be stated that the last holder of the Jagir was Raja Sriram Bhupal, the husband of the as

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