1989 (12) TMI 19

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....e Wealth-tax Act, the petitioner seeks reference of the following question to this court : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that non-adherence to the provisions of section 16A of the Wealth-tax Act, 1957, did not justify the conclusion that the order of assessment was erroneous in law and prejudicial to the interests of the Re....

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....unal followed its order for the earlier years wherein it had held that rule 1BB was applicable and the Wealth-tax Officer had in fact applied the said rule and the valuation was correctly arrived at. Being aggrieved, the petitioner filed a petition under section 27(1) but the same was rejected by the Tribunal. In our opinion, the real question which arose for consideration before the Tribuna....