Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Fair market value determinations by Valuation Officers underpin acquisition and compensation adjustments in immovable property tax proceedings. The competent authority may require a Valuation Officer to determine or estimate the fair market value of immovable property for acquisition proceedings or compensation adjustments; the Valuation Officer has the powers under section 38A of the Wealth-tax Act, and the Appellate Tribunal must allow a nominated Valuation Officer an opportunity to be heard where fair market value is disputed on appeal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fair market value determinations by Valuation Officers underpin acquisition and compensation adjustments in immovable property tax proceedings.
The competent authority may require a Valuation Officer to determine or estimate the fair market value of immovable property for acquisition proceedings or compensation adjustments; the Valuation Officer has the powers under section 38A of the Wealth-tax Act, and the Appellate Tribunal must allow a nominated Valuation Officer an opportunity to be heard where fair market value is disputed on appeal.
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