(Expert) 02 July 2008
what is your question, some members here are conversant with Wealth tax. Your query is incomplete.
(Expert) 03 July 2008
The said Rule 1BB concerns the mode of valuation of house-property wholly or mainly used for residential purposes, for the purposes of ascertaining the net wealth under the Wealth Tax Act. 1957. Rule 1BB of the Wealth Tax Rules 1957, applicable from 01 April 1979, being a procedural rule, was applicable to all pending assessments even of earlier years.
(Expert) 05 April 2009
Thanks to Mr. Prakash. You may follow him.