1. The Income Tax Appellate Tribunal has referred the following questions of law, for the decision of this Court, at the instance of the Revenue, in ITR Nos. 20 to 23 of 1983:

"(1) Whether, on the facts and in the circumstances of the case, the agricultural property contributed to the firm by the assessee as his share of capital is in 'agricultural land belonging to the assessee' under S.5(1)(iva) of the Wealth-tax Act 1957?

(2) Whether, on the facts and in the circumstances of the case, the assessee is entitled to the exemption claimed under S.5(1)(iva) of the Wealth-tax Act"

In ITR Nos. 212 to 214 of 1984, at the instance of the Revenue, the following question has been referred by the Income Tax Appellate Tribunal, for the decision of this Court:

"Whether, on the facts and in the circumstances of the case, is the assessee entitled to exemption under S.5(1)(iva) of the Wealth-tax Act. 1957, in respect of a movable asset. viz., his share of interest in the firm called M/s. U. J. Thariath And Co.?"

The assessment years in ITR No. 20 to 23 of 1983 are 1974-75,1975-76,1976-77 and 1977-78. The assessment years in ITR. No. 212 to 214 of 1984 are 1973-74,1974-75 and 1975-76. The r