Rule 8E - Registered valuer when to be guilty of misconduct in his professional capacity for purposes of section 34AD - Wealth Tax Rules, 1957

1 [Registered valuer when to be guilty of misconduct in his professional capacity for purposes of section 34AD. 8E. For the purposes of section 34AD of the Act, a registered valuer shall be deemed to have been guilty of misconduct in his professional capacity if he has been found so guilty, (i) in a case where he is a member of any association or institution established in India having as its object the control, supervision, regulation or encouragement of the profession of engineering, architecture, accountancy, or company secretaries or such other profession as the Board may specify in this behalf by notification in the Official Gazette, by such association or institution; or 2 [(ii) in any other case, by the Chief Commissioner or the Director General, in accordance with the procedure laid down in rule 8F and rules 8H to 8K.] -------------------- Notes:- 1. Inserted vide Wealth-tax (Second Amendment) Rules, 1980, w.e.f. 28-1-1980. 2. Substituted vide Wealth-tax (Amendment) Rules, 1993, w.e.f. 8-2-1993. Before substitution, clause ( ii ), as amended by the Wealth-tax (Second Amendment) Rules, 1988, w.e.f. 1-6-1988, read as under: (ii) in any other case, by the Board, in accordance with the procedure laid down in rule 8F and rules 8H to 8K.