Valuation reference period clarified: time from referral to Valuation Officer until report receipt is treated as a distinct procedural interval. An amendment adds a clause to the Explanation to section 153B treating the period from the Assessing Officer's reference to the Valuation Officer under section 142A(1) until receipt of the Valuation Officer's report as a distinct interval for purposes of the Explanation's temporal computation.
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Valuation reference period clarified: time from referral to Valuation Officer until report receipt is treated as a distinct procedural interval.
An amendment adds a clause to the Explanation to section 153B treating the period from the Assessing Officer's reference to the Valuation Officer under section 142A(1) until receipt of the Valuation Officer's report as a distinct interval for purposes of the Explanation's temporal computation.
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