2003 (5) TMI 29

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..... d that rule 1BB of the Rules 1957, partakes of the character of a rule of evidence it deems the market value to be the one arrived at on the application of a particular method of valuation which is also one of the recognized and accepted methods. The rule is procedural and not substantive and is applicable to all proceedings pending on April 1,1979,when the rule came into force - In view of the ab .....

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..... of a rule of evidence. It deems the market value to be the one arrived at on the application of a particular method of valuation which is also one of the recognized and accepted methods. The rule is procedural and not substantive and is applicable to all proceedings pending on April 1,1979,when the rule came into force. In view of the above, the reference is answered in the affirmative against .....

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