https://www.taxtmi.com/caselaws?id=19250 The High Court of Kerala ruled in favor of the assessee, affirming the applicability of rule 1BB of the Wealth-tax Rules, 1957 to pending proceedings. The court determined that rule 1BB is procedural in nature based on interpretations from various High Courts and the Supreme Court. This decision aligned with previous rulings emphasizing the mandatory nature of procedural provisions under the Wealth-tax Act, ultimately establishing uniformity in property valuation methods for wealth-tax purposes. en-us Thu, 10 Nov 1994 00:00:00 +0530 Wed, 04 Nov 2009 18:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19250 The High Court of Kerala ruled in favor of the assessee, affirming the applicability of rule 1BB of the Wealth-tax Rules, 1957 to pending proceedings. The court determined that rule 1BB is procedural in nature based on interpretations from various High Courts and the Supreme Court. This decision aligned with previous rulings emphasizing the mandatory nature of procedural provisions under the Wealth-tax Act, ultimately establishing uniformity in property valuation methods for wealth-tax purposes. Case-Laws Wealth-tax Thu, 10 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19250