Valuer registration: Reports by unapproved valuers must be rejected and legal action initiated to protect wealth tax valuations. Complaints have arisen about valuation reports from unregistered or de registered valuers. Amendments to the Wealth tax Rules confer exclusive authority on the Chief Commissioner to process valuer registrations. The Chief Commissioner should circulate a list of registered valuers with registration numbers to Assessing Officers, who must reject reports from unapproved valuers and initiate legal action against unauthorised valuers.
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.
Valuer registration: Reports by unapproved valuers must be rejected and legal action initiated to protect wealth tax valuations.
Complaints have arisen about valuation reports from unregistered or de registered valuers. Amendments to the Wealth tax Rules confer exclusive authority on the Chief Commissioner to process valuer registrations. The Chief Commissioner should circulate a list of registered valuers with registration numbers to Assessing Officers, who must reject reports from unapproved valuers and initiate legal action against unauthorised valuers.
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