Valuation Cell referral required for assessments when an assessee claims building construction or suspected understatement of property value. Refer to the Valuation Cell where, during a pending assessment, an assessee claims to have constructed a building and declares the cost of the whole building at or above the Board's prescribed high threshold; this is in addition to existing instructions to refer cases of suspected understatement in immovable property value that meet the earlier threshold, and assessing officers must be notified of these combined referral requirements.
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 Cell referral required for assessments when an assessee claims building construction or suspected understatement of property value.
Refer to the Valuation Cell where, during a pending assessment, an assessee claims to have constructed a building and declares the cost of the whole building at or above the Board's prescribed high threshold; this is in addition to existing instructions to refer cases of suspected understatement in immovable property value that meet the earlier threshold, and assessing officers must be notified of these combined referral requirements.
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