https://www.taxtmi.com/caselaws?id=63387 The Tribunal's decision to direct the revaluation of a property with retrospective effect in accordance with rule 1BB of the Wealth-tax (Amendment) Rules was challenged. The matter was referred to a Special Bench to determine if a referable question of law existed regarding the retrospective operation of the rule. Ultimately, it was concluded that a question of law did arise, necessitating referral to the High Court for consideration. The judgment highlighted the conflicting opinions among different Benches on this issue and affirmed the significance of addressing the question of law regarding the retrospective application of rule 1BB. en-us Fri, 28 Jun 1985 00:00:00 +0530 Sat, 29 Jan 2011 16:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63387 The Tribunal's decision to direct the revaluation of a property with retrospective effect in accordance with rule 1BB of the Wealth-tax (Amendment) Rules was challenged. The matter was referred to a Special Bench to determine if a referable question of law existed regarding the retrospective operation of the rule. Ultimately, it was concluded that a question of law did arise, necessitating referral to the High Court for consideration. The judgment highlighted the conflicting opinions among different Benches on this issue and affirmed the significance of addressing the question of law regarding the retrospective application of rule 1BB. Case-Laws Wealth-tax Fri, 28 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63387