https://www.taxtmi.com/acts?id=3295 Assessing Officers may refer assets, property or investments to a Valuation Officer to estimate value, including fair market value, for assessment or reassessment. The Valuation Officer has the powers of section 38A of the Wealth-tax Act, must consider evidence produced by the assessee and other evidence after giving an opportunity of being heard, may estimate if the assessee does not cooperate, and must send the report to the Assessing Officer and the assessee within six months; the Assessing Officer may then take that report into account after giving the assessee a hearing. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 30 Jun 2025 14:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3295 Assessing Officers may refer assets, property or investments to a Valuation Officer to estimate value, including fair market value, for assessment or reassessment. The Valuation Officer has the powers of section 38A of the Wealth-tax Act, must consider evidence produced by the assessee and other evidence after giving an opportunity of being heard, may estimate if the assessee does not cooperate, and must send the report to the Assessing Officer and the assessee within six months; the Assessing Officer may then take that report into account after giving the assessee a hearing. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3295