1989 (12) TMI 19

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..... her, 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 Revenue ?" The Wealth-tax Officer had taken 1/3rd share of the respondent in the property of Rs. 1, .....

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..... e 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 Tribunal was whether rule 1BB was applicable or not. If rule 1BB is applicable, then it is immaterial as to wh .....

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