https://www.taxtmi.com/caselaws?id=14150 Rule 1BB of the Wealth-tax Rules, 1957 was treated as a procedural and evidentiary valuation rule, so it applied to proceedings pending when it came into force. On that basis, the Appellate Tribunal was justified in directing valuation under section 36(3) of the Estate Duty Act, 1953 read with Rule 1BB, even though the death occurred before section 36(3) commenced. The later insertion of section 36(3) did not bar use of the recognised valuation method in the pending reference, and the issue was answered in favour of the assessee. en-us Wed, 13 Dec 2000 00:00:00 +0530 Tue, 14 Jul 2009 11:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14150 Rule 1BB of the Wealth-tax Rules, 1957 was treated as a procedural and evidentiary valuation rule, so it applied to proceedings pending when it came into force. On that basis, the Appellate Tribunal was justified in directing valuation under section 36(3) of the Estate Duty Act, 1953 read with Rule 1BB, even though the death occurred before section 36(3) commenced. The later insertion of section 36(3) did not bar use of the recognised valuation method in the pending reference, and the issue was answered in favour of the assessee. Case-Laws Income Tax Wed, 13 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14150