Registration of valuers requires prescribed qualifications, declarations, verified valuation reports and conflict-of-interest restrictions. A mandatory register of valuers is to be maintained by specified tax officials; qualified persons may apply for registration in the prescribed form, manner and fee, and must declare they will perform impartial, true valuations, provide prescribed valuation reports, limit fees to prescribed rates, and avoid valuations where they have a direct or indirect interest. Valuation reports by a registered valuer must be in the prescribed form and verified in the prescribed manner.
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.
Registration of valuers requires prescribed qualifications, declarations, verified valuation reports and conflict-of-interest restrictions.
A mandatory register of valuers is to be maintained by specified tax officials; qualified persons may apply for registration in the prescribed form, manner and fee, and must declare they will perform impartial, true valuations, provide prescribed valuation reports, limit fees to prescribed rates, and avoid valuations where they have a direct or indirect interest. Valuation reports by a registered valuer must be in the prescribed form and verified in the prescribed manner.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
