https://www.taxtmi.com/caselaws?id=24269 The article explains that the Tribunal's approach to computing "gross maintainable rent" under rule 1BB, by linking it to "annual reasonable rent" under rent-control law and drawing analogy from "annual value" under section 23(1) of the Income-tax Act, raises a question of law fit for reference. The High Court emphasised that it was not deciding the rival merits of the valuation method, but only whether the Tribunal's conclusion involved a referable legal issue under section 27(3) of the Wealth-tax Act, 1957. The reference was therefore treated as competent, and the Tribunal was directed to state the case for the Court's opinion. en-us Mon, 27 Feb 1989 00:00:00 +0530 Mon, 18 Jan 2010 18:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24269 The article explains that the Tribunal's approach to computing "gross maintainable rent" under rule 1BB, by linking it to "annual reasonable rent" under rent-control law and drawing analogy from "annual value" under section 23(1) of the Income-tax Act, raises a question of law fit for reference. The High Court emphasised that it was not deciding the rival merits of the valuation method, but only whether the Tribunal's conclusion involved a referable legal issue under section 27(3) of the Wealth-tax Act, 1957. The reference was therefore treated as competent, and the Tribunal was directed to state the case for the Court's opinion. Case-Laws Wealth-tax Mon, 27 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24269