D. KRISHNAKUMAR, J.

1. These Appeals have been filed under Section 27A (1) of the Wealth Tax Act, 1957 against the common order of the Income Tax Appellate Tribunal, A Bench, Chennai, dated 19.06.2007 passed in W.T.A. Nos. 58 to 61/Mds/1999 in respect of the assessment years 1990-91 to 1993-94, respectively.

2. Since the point involved in all these Appeals are similar, these Writ Appeals are taken up together for disposal.

3. For the sake of convenience and better understanding of the facts, the facts of the case in TCA No. 1061 of 2007 is given hereunder:-

The assessee company filed its return of wealth for the assessment year 1990-91 on 28.8.1995 declaring deficit wealth of Rs. 99,38,700/- in response to the notice issued under Section 17 of the Wealth Tax Act on 7.3.1995. The assessee showed the following as assets assessable for wealth tax:-

According to the assessee, the property at Mount Road was being held for productiv