Use of invoice: valuation principles unchanged, priority assessment of April and May RT 12 returns with supervisory approval before show cause. Invoices are to replace gate passes and price lists from 1 April 1994 while valuation principles under Section 4 and the Valuation Rules remain unchanged; judicial decisions continue to guide assessable value determinations. Range officers are to be instructed via group discussions led by senior collectors on using invoices and specified documents for valuation. RT-12 returns for April and May 1994 must be assessed on priority, with Superintendents prevented from issuing show-cause notices or resorting to provisional assessment without Assistant Collector or Deputy Collector approval; Collectors must report evaluations to the Board by the prescribed deadlines.
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Use of invoice: valuation principles unchanged, priority assessment of April and May RT 12 returns with supervisory approval before show cause.
Invoices are to replace gate passes and price lists from 1 April 1994 while valuation principles under Section 4 and the Valuation Rules remain unchanged; judicial decisions continue to guide assessable value determinations. Range officers are to be instructed via group discussions led by senior collectors on using invoices and specified documents for valuation. RT-12 returns for April and May 1994 must be assessed on priority, with Superintendents prevented from issuing show-cause notices or resorting to provisional assessment without Assistant Collector or Deputy Collector approval; Collectors must report evaluations to the Board by the prescribed deadlines.
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