Valuation procedure for estate duty requires reliance on Valuation Cell estimates for immovable property valuation. References for valuation of immovable property under the Estate Duty Act must be made selectively and follow territorial jurisdiction rules applicable under the Wealth-tax Act. References are to be made to District Valuation Officers, who will themselves deal with higher-value properties and decide allocation to Valuation Officers or Assistant Valuation Officers for lesser-value properties. The Assistant Controller of Estate Duty should ordinarily pass assessment orders in conformity with the Valuation Cell's estimate, but may refer disagreements to the Controller of Estate Duty for consultation with the Regional Valuation Officer.
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.
Valuation procedure for estate duty requires reliance on Valuation Cell estimates for immovable property valuation.
References for valuation of immovable property under the Estate Duty Act must be made selectively and follow territorial jurisdiction rules applicable under the Wealth-tax Act. References are to be made to District Valuation Officers, who will themselves deal with higher-value properties and decide allocation to Valuation Officers or Assistant Valuation Officers for lesser-value properties. The Assistant Controller of Estate Duty should ordinarily pass assessment orders in conformity with the Valuation Cell's estimate, but may refer disagreements to the Controller of Estate Duty for consultation with the Regional Valuation Officer.
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