Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Reference to Valuation Officer for fair market value when claimed asset value materially differs or circumstances require reassessment. Reference to a Valuation Officer permits the Assessing Officer to obtain an independent determination of the fair market value of a capital asset where ... Summary
Reference to Valuation Officer for fair market value when claimed asset value materially differs or circumstances require reassessment.
Reference to a Valuation Officer permits the Assessing Officer to obtain an independent determination of the fair market value of a capital asset where the claimed value-including values supported by a registered valuer-is believed to differ from fair market value, where the fair market value exceeds the claimed value by a prescribed threshold, or where circumstances and the asset's nature make a reference necessary; the existing reference provisions apply with necessary modifications.
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