https://www.taxtmi.com/caselaws?id=25574 Rule 1BB of the Wealth-tax Rules, 1957 was treated as a procedural valuation provision capable of applying to assessments pending when it came into force on 1 April 1979, including earlier assessment years. The Delhi HC noted that earlier decisions did not remove the need to examine the rule's applicability in the specific factual and legal context of the cases before it. On that basis, the Court held that the Department's request raised a question of law fit for reference, and directed the Tribunal to state the case and refer the valuation issue under rule 1BB. en-us Tue, 03 Mar 1987 00:00:00 +0530 Fri, 29 Jan 2010 15:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25574 Rule 1BB of the Wealth-tax Rules, 1957 was treated as a procedural valuation provision capable of applying to assessments pending when it came into force on 1 April 1979, including earlier assessment years. The Delhi HC noted that earlier decisions did not remove the need to examine the rule's applicability in the specific factual and legal context of the cases before it. On that basis, the Court held that the Department's request raised a question of law fit for reference, and directed the Tribunal to state the case and refer the valuation issue under rule 1BB. Case-Laws Wealth-tax Tue, 03 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25574