New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

ESTIMATES BY VALUATION OFFICER IN CERTAIN CASES SECTION 142A

Income Tax - Return of Income and Assessment Procedure - 16 - Assessing Officer can refer to the Valuation Officer, the estimation of valuation of any investment [Section 142A(1)] Provisions applicable upto 30-9-2014 Reference to valuation Officer can be made in the following cases: Where an estimate of the value of any investment referred to in section 69 or section 69B, OR Where the estimate of the value of any bullion, jewellery or other valuable article referred to in section 69A or section .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s that he has under section 38A of the Wealth-tax Act, 1957. Report of the Valuation Officer to be considered by Assessing Officer for making assessment or reassessment [Section 142A(3)]: On receipt of the report from the valuation officer, the Assessing Officer may after giving the assessee an opportunity of being heard, take into account such report in making such assessment or reassessment. Section 142A not applicable for completed assessment [Proviso to section 142A]: The provisions of secti .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

furnishing of the report by the Valuation Officer. Accordingly, old section 142A has been substituted by new section 142A so as to provide as under: Reference by Assessing Officer to the Valuation Officer for estimate of the value including fair market value of any asset, property, or investment [Section 142A(1) and(2)] The Assessing Officer may, for the purposes of assessment or reassessment, make a reference to the Valuation Officer to estimate the value, including fair market value, of any as .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version