Recording reasons for assessments: ensure assessing officers document valuation rationales to prevent inconsistent tax and duty under-assessments. Inconsistent adoption of alternate valuation figures for the same property across different direct tax assessments produced under-assessment; two valuation reports showed different fair rents adopted for estate duty and wealth-tax, and the absence of recorded reasoning in the estate duty order left unclear whether the officer had applied his mind. Assessing officers are directed to record adequate reasons in assessment orders when adopting valuations or conclusions that differ from ordinarily accepted views to ensure co-ordination and permit scrutiny.
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.
Recording reasons for assessments: ensure assessing officers document valuation rationales to prevent inconsistent tax and duty under-assessments.
Inconsistent adoption of alternate valuation figures for the same property across different direct tax assessments produced under-assessment; two valuation reports showed different fair rents adopted for estate duty and wealth-tax, and the absence of recorded reasoning in the estate duty order left unclear whether the officer had applied his mind. Assessing officers are directed to record adequate reasons in assessment orders when adopting valuations or conclusions that differ from ordinarily accepted views to ensure co-ordination and permit scrutiny.
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