https://www.taxtmi.com/caselaws?id=18378 Rule 1BB of the Wealth-tax Rules, 1957 was treated as procedural and therefore retrospective, removing dispute on its general applicability to estate duty valuation. The surviving issue was whether, after that rule was applied, the lower valuation could be adopted for estate duty purposes even though the accountable person had declared a higher value. As that question arose from the record, it was held fit to be referred for opinion under section 64(3) of the Estate Duty Act, 1953. The matter was thus confined to reference of the surviving valuation question, with no substantive determination of the valuation issue. en-us Fri, 09 Feb 1996 00:00:00 +0530 Wed, 30 Sep 2009 14:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18378 Rule 1BB of the Wealth-tax Rules, 1957 was treated as procedural and therefore retrospective, removing dispute on its general applicability to estate duty valuation. The surviving issue was whether, after that rule was applied, the lower valuation could be adopted for estate duty purposes even though the accountable person had declared a higher value. As that question arose from the record, it was held fit to be referred for opinion under section 64(3) of the Estate Duty Act, 1953. The matter was thus confined to reference of the surviving valuation question, with no substantive determination of the valuation issue. Case-Laws Income Tax Fri, 09 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18378