https://www.taxtmi.com/caselaws?id=15146 Schedule III of the Wealth-tax Act, introduced from 1 April 1989, was treated as a procedural valuation method and applied to pending assessment proceedings for earlier years. Because it was procedural rather than substantive, it governed assessments for 1985-86 to 1988-89, and rule 1BB of the Wealth-tax Rules did not bar its application. The Tribunal was therefore correct in holding that the reference question need not be made under section 27(1). en-us Thu, 10 Feb 2000 00:00:00 +0530 Mon, 03 Aug 2009 13:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15146 Schedule III of the Wealth-tax Act, introduced from 1 April 1989, was treated as a procedural valuation method and applied to pending assessment proceedings for earlier years. Because it was procedural rather than substantive, it governed assessments for 1985-86 to 1988-89, and rule 1BB of the Wealth-tax Rules did not bar its application. The Tribunal was therefore correct in holding that the reference question need not be made under section 27(1). Case-Laws Wealth-tax Thu, 10 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15146