Section 50C(1) Terms "Adopted," "Assessed," and "Assessable" Refer to "Value," Not "Transfer"; Assessment Deadline Critical.

The words "adopted" or "assessed" (as also "assessable") in s. 50C(1) qualify the word "value" preceding it, and not the word "transfer" - there being no assessment by it by the end of the relevant year, i.e., 31-03-2006 cannot be accepted - AT .....

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