COMMISSIONER OF WEALTH TAX Vs. SANTOSH CHAND

JUDGEMENT

(1.) : On the application of the Revenue filed under s. 27(3) of the WT Act, 1957, the Tribunal, Jaipur Bench, Jaipur, has referred the following question for our opinion:

(2.) THE learned counsel for the Revenue advanced manifold contentions but we are satisfied that the r. 1BB is procedural and, therefore, it has a retrospective effect. Looking to this nature of the provision being a procedure would equally apply to all pending assessments and the learned Tribunal is thus not incorrect in its approach.