Valuation under Rule 3A: small-share property interests must be referred to Valuation Officer rather than Assistant Valuation Officer. Where an assessee's declared value represents only a share of a larger property and the assessee's interest falls at or below the prescribed monetary threshold, the proviso to Rule 3A permits valuation by the Valuation Officer rather than by Assistant Valuation Officers; officers are directed to refer such valuation questions to the Valuation Officer and not to Assistant Valuation Officers.
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 under Rule 3A: small-share property interests must be referred to Valuation Officer rather than Assistant Valuation Officer.
Where an assessee's declared value represents only a share of a larger property and the assessee's interest falls at or below the prescribed monetary threshold, the proviso to Rule 3A permits valuation by the Valuation Officer rather than by Assistant Valuation Officers; officers are directed to refer such valuation questions to the Valuation Officer and not to Assistant Valuation Officers.
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