1986 (7) TMI 61

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..... ct"), the Income-tax Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in directing the Wealth-tax Officer to determine the value of the residential house in question in accordance with the provisions of rule 1 BB of the Wealth-tax Rules, 1957, even t .....

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..... Commissioner. On further appeal, the Tribunal held that though rule I BB of the Rules had come into force with effect from April 1, 1979, the rule was procedural and was applicable to pending assessments. The Tribunal, therefore, set aside the order of assessment with regard to the aforesaid property and remanded the matter to the Wealth-tax Officer directing him that the value of the house in que .....

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..... ] 150 ITR 319 (Kar). It is not disputed that the assessment proceedings were pending when the amended rule 1 BB came into force. The Tribunal was, therefore, justified in setting aside the order passed by the Wealth-tax Officer and in remanding the case to the Wealth-tax Officer to determine the value of the house in accordance with the provisions of rule 1 BB of the Rules. Our answer to the que .....

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