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<h1>New Section 43A in Gift-tax Act: Taxpayers Can Now Be Represented by Registered Valuers in Asset Valuation Cases.</h1> The Gift-tax Act, 1958, is amended by the Taxation Laws (Amendment) Act, 1972, to include a new section 43A. This section allows an assessee, who is entitled or required to appear before any Gift-tax Authority or the Appellate Tribunal concerning asset valuation matters, to be represented by a registered valuer, unless personal attendance is mandated. The term 'registered valuer' is defined as per clause (oaa) of section 2 of the Wealth-tax Act, 1957.