Valuation referral criteria: specified immovable-property valuation discrepancies must be sent to a Valuation Cell for independent assessment. Instructions require referral to the Valuation Cell of immovable-property cases including suspected incorrect valuations under prosecution consideration, income-tax cases with suspected understatement above a monetary threshold, and estate-duty/wealth-tax/gift-tax matters where declared values or rented-property valuations fall below prescribed multiples or monetary floors; departmental estimates and assessees' valuer reports must accompany referrals, the rental multiplier is a case-selection aid not a valuation norm, and guidance on income-capitalisation and land-and-buildings methods is provided.
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Provisions expressly mentioned in the judgment/order text.
Valuation referral criteria: specified immovable-property valuation discrepancies must be sent to a Valuation Cell for independent assessment.
Instructions require referral to the Valuation Cell of immovable-property cases including suspected incorrect valuations under prosecution consideration, income-tax cases with suspected understatement above a monetary threshold, and estate-duty/wealth-tax/gift-tax matters where declared values or rented-property valuations fall below prescribed multiples or monetary floors; departmental estimates and assessees' valuer reports must accompany referrals, the rental multiplier is a case-selection aid not a valuation norm, and guidance on income-capitalisation and land-and-buildings methods is provided.
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