Asset valuation reporting form sets out ownership, identification, valuation basis, and supporting details across multiple asset classes. Prescribed valuation report form for submission under section 514 read with rule 248, requiring assessee and valuer particulars, reference details, and declaration of personal inspection, independence, and correctness. The form provides separate schedules for immovable assets, agricultural land, plantations, forests, mines and quarries, stocks and securities, machinery and plant, jewellery, works of art, life interests and reversions, and other assets, with asset identification, ownership shares, valuation basis, comparable sale instances, adopted unit value, and final asset value.
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.
Asset valuation reporting form sets out ownership, identification, valuation basis, and supporting details across multiple asset classes.
Prescribed valuation report form for submission under section 514 read with rule 248, requiring assessee and valuer particulars, reference details, and declaration of personal inspection, independence, and correctness. The form provides separate schedules for immovable assets, agricultural land, plantations, forests, mines and quarries, stocks and securities, machinery and plant, jewellery, works of art, life interests and reversions, and other assets, with asset identification, ownership shares, valuation basis, comparable sale instances, adopted unit value, and final asset value.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
