Valuation under section 16A requires mandatory referral to the departmental valuation cell; non-compliance will be treated seriously. Valuation under section 16A of the Wealth-tax Act must be referred to the departmental valuation cell in all fit cases; the Board reiterates this mandatory referral requirement after Audit reported continued non-referral, and warns that lapses will be viewed seriously.
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 under section 16A requires mandatory referral to the departmental valuation cell; non-compliance will be treated seriously.
Valuation under section 16A of the Wealth-tax Act must be referred to the departmental valuation cell in all fit cases; the Board reiterates this mandatory referral requirement after Audit reported continued non-referral, and warns that lapses will be viewed seriously.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.