https://www.taxtmi.com/caselaws?id=12393 Rule 1BB of the Wealth-tax Rules was treated as the governing method for valuing a house wholly or mainly used for residential purposes, and its procedural character supported retrospective application. On that basis, the immovable residential property had to be valued under Rule 1BB. As the value so determined did not exceed the book value by 20 per cent, Rule 2B(2) was inapplicable to the property. en-us Mon, 01 Jul 2002 00:00:00 +0530 Tue, 23 Feb 2010 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12393 Rule 1BB of the Wealth-tax Rules was treated as the governing method for valuing a house wholly or mainly used for residential purposes, and its procedural character supported retrospective application. On that basis, the immovable residential property had to be valued under Rule 1BB. As the value so determined did not exceed the book value by 20 per cent, Rule 2B(2) was inapplicable to the property. Case-Laws Wealth-tax Mon, 01 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12393