(1.) THE question referred under Section 27(1) of the Wealth-tax Act, 1957, at the instance of the Revenue is as follows :
(2.) RULE 1BB was introduced by the Wealth-tax (Amendment) RULEs, 1979, with effect from April 1, 1979. The relevant portion of the rule reads as follows :--
(3.) COMMUNICATE a copy of this judgment under the seal of this court and the signature of the Registrar to the Income-tax Appellate Tribunal, Cochin Bench, for information.