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<h1>Assessing Officer may refer capital asset fair market value to Valuation Officer when declared value appears inconsistent or materially understated</h1> Assessing Officers may refer determination of a capital asset's fair market value to a Valuation Officer where the declared value appears inconsistent with market value-even if supported by a registered valuer-or where the declared value is understated beyond a prescribed percentage or where the asset's nature and circumstances make referral necessary. Procedural provisions corresponding to specified subsections of another statutory provision apply, with necessary modifications, to such references.