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of <h1>Board Stresses Coordination in Direct Tax Assessments to Avoid Discrepancies in Land Valuations and Estate Duties.</h1> The circular issued by the Board emphasizes the need for proper coordination between Income-tax and other direct tax assessments. It highlights instances where discrepancies occurred due to lack of coordination, such as differing valuations of land for capital gains and estate duty assessments, and oversight in estate valuation for wealth tax. The Board expresses concern over these failures and instructs Commissioners of Income-tax to ensure that assessing officers maintain coordination across various direct tax assessments, including related cases involving deceased relatives. Any lapses in adhering to these instructions are to be taken seriously.
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