Valuer report reuse allowed for jewellery valuation; subsequent years permitted with metal value and transaction adjustments. The Board allows a registered valuer's jewellery valuation report to be reused for the next four assessment years if the value of gold, silver or alloys is substituted to reflect the subsequent valuation date and if the original valuation is increased or decreased to account for any sales, disposals or acquisitions occurring on or before the subsequent valuation date; compliance requires filing the original report with a chart showing these adjustments.
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.
Valuer report reuse allowed for jewellery valuation; subsequent years permitted with metal value and transaction adjustments.
The Board allows a registered valuer's jewellery valuation report to be reused for the next four assessment years if the value of gold, silver or alloys is substituted to reflect the subsequent valuation date and if the original valuation is increased or decreased to account for any sales, disposals or acquisitions occurring on or before the subsequent valuation date; compliance requires filing the original report with a chart showing these adjustments.
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