https://www.taxtmi.com/caselaws?id=63114 The Tribunal held that Rule 1BB of the Wealth Tax Rules should be applied retrospectively to pending assessments, including earlier years, based on legal precedents and the procedural nature of the rule. Referring to relevant case law and emphasizing the importance of established legal principles, the Tribunal rejected the reference applications seeking revaluation of a house property with retrospective effect from 1979. The decision highlights the Tribunal's adherence to legal precedents and the principle that once a legal question is settled by a higher court, further references may not be necessary. en-us Tue, 23 Aug 1983 00:00:00 +0530 Thu, 27 Jan 2011 18:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63114 The Tribunal held that Rule 1BB of the Wealth Tax Rules should be applied retrospectively to pending assessments, including earlier years, based on legal precedents and the procedural nature of the rule. Referring to relevant case law and emphasizing the importance of established legal principles, the Tribunal rejected the reference applications seeking revaluation of a house property with retrospective effect from 1979. The decision highlights the Tribunal's adherence to legal precedents and the principle that once a legal question is settled by a higher court, further references may not be necessary. Case-Laws Income Tax Tue, 23 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63114